8220 Davis St Portland, OR 97220
- Commercial land
- 1,038 SF
- 0.10 lot acres
Current Use by Public Records
- Dahab Indian Kitchen / Indian Restaurant / Restaurant
- Ricky's Sushi - Portland Oregon / Japanese Restaurant
- Taqueria El Torito / Mexican Restaurant
- Bai Yok Thai Food / Thai Restaurant
- Little Bear Vietnamese Street Food / Vietnamese Restaurant
Property Details for 8220 Davis St
- Year built
- 1908
- Lot size
- 0.10 lot acres
- Property size
- 1,038 SF
- Zone code
- CG
- Property type
- Commercial land
- APN
- 1N2E33CB 08400
- APU
- 1N2E33CB08400
Description
This exceptional investment opportunity presents a 15-unit food cart pod located at 8220 NE Davis St, Portland, Oregon, 97220. Boasting 8,200 square feet of net rentable space, this thriving business is priced at $895,000 and offers a compelling 10.28% cap rate with a current NOI of $92,000. The property operates under a ground lease expiring June 1, 2036, providing long-term stability. This multi-tenant property is perfectly positioned to capitalize on the rapidly growing food cart industry in the Portland metro area. The current configuration serves as an ideal incubator model for the restaurant industry, offering a low barrier to entry for tenants. Significant upside potential exists through various avenues, including expense recapture, facility streamlining, repurposing underutilized space, and rent optimization. The property is fully compliant with Portland's updated food cart pod regulations, benefiting from the displacement of carts from non-compliant locations. Minimal owner involvement is required, with opportunities for growth through targeted marketing and sales initiatives. This is a turnkey investment ready for immediate returns and future expansion within a dynamic and expanding market. The property is situated in Multnomah County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.579
- Latitude
- 45.5244
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
