4140 River Rd Keizer, OR 97303
- Commercial real estate
- 1,991 SF
- 0.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4140 River Rd
- Year built
- 1977
- Lot size
- 0.49 lot acres
- Property size
- 1,991 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 1,991 square foot, single-tenant retail property located at 4140 River Rd N, Keizer, OR 97303. The property, situated on a 0.49-acre lot, houses Sweet Home Thai Cuisine, a long-standing restaurant operating under a month-to-month triple net (NNN) lease. The building, constructed in 1977 and renovated in 1991, features three stories, including a full, unfinished basement. The property boasts 20 parking spaces and benefits from a high-traffic location on a main road with an average daily traffic count of 28,000 vehicles. The mixed-use (MU) zoning allows for flexibility in future development. The current NOI is $44,968, resulting in a 5.08% cap rate, with an asking price of $885,000. The property includes perimeter Douglas Fir trees, which the City of Keizer will allow removal, potentially generating additional revenue from timber harvesting. Note that a cell tower easement, recently sold separately, has a 35-year sunset clause, after which the property owner will receive monthly rent from Verizon Wireless. Seller-carried financing options are available. Please do not disturb the tenant.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keizer
- County
- Marion
- State
- Oregon
- Longitude
- -123.02652329652
- Latitude
- 44.985331570309
