13230 Orient DrBoring, OR 97009

  • Other commercial real estate
  • 4,941 SF
For Sale
$2,100,000 View listing

Property Details for 13230 Orient Dr

Year built
1956
Lot size
1.19 AC
Property size (Sq ft)
4,941 SF
Zone code
RRFF5
Property type
Other commercial real estate
APN
24E04A 02000
APU
24E04A02000

Description

This exceptional commercial investment opportunity in Boring, Oregon, presents a substantial 8,672 square foot building situated on a generous 1.19-acre lot. The property boasts a strong 12% capitalization rate, offering significant return on investment potential with room for further growth. A key component of the income stream is the established Backroads Pub and Grub, featuring ample seating for patrons and a lucrative lottery revenue-generating area. Beyond the pub, the property includes three additional income-producing tenants: a barbershop, an artist studio, and an imaging business. These tenants occupy approximately 3,300 square feet of the building's total space, contributing to a diversified and robust rental income portfolio. The property's substantial size and diverse tenant mix provide a stable and attractive investment opportunity. The location in Boring offers convenient access to key transportation routes and a growing local market. This is a rare chance to acquire a well-established, high-performing commercial property with significant upside potential. Serious inquiries only. Please do not disturb employees.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,553,352
    Hospitality
    $1,422,862
    Educational
    $1,183,804
    Medical
    $1,224,517
    Retail
    $1,841,474
13230 Orient Dr, Boring, Oregon
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Location Insight

City
Boring
County
Clackamas
State
Oregon
Latitude
45.4276
Longitude
-122.321
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,125
-
-
$569,750
-
$212,976
$952,740
$1,165,716

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