Property profile

124 3 St Gresham, OR 97030

OFF-MARKET
Hospitality properties
4,096 SF
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Property summary

AI-generated overview

This exceptional business opportunity presents the chance to acquire Helfer's on 3rd, a thriving two-story bar located in the heart of downtown Gresham, Oregon. The property boasts 4,096 square feet of space, encompassing a main bar area and a unique speakeasy on the lower level. The current lease is a NNN (Net, Net, Net) agreement with a remaining term of 4.5 years, commencing February 12, 2024, and includes annual rent bumps of 3%. The property features 15 parking spaces and is situated at 124 NE 3rd St, Gresham, OR 97030. The asking price is $265,000, with owner carry terms available with a $125,000 down payment. The business is currently operating as a dual-concept establishment, offering a main bar area with Oregon Lottery games and a separate, more intimate speakeasy featuring handcrafted cocktails. The property consists of two units across two stories, classified as Class C. The sale includes the business only

Property profile

Verified
Property type Hospitality properties
Total area 4,096 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

124 3 St Gresham, OR 97030
Gresham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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