4140 River Rd N Keizer, OR 97303

Here is a rare opportunity to own a half-acre commercial lot on the main road of Keizer, Oregon. The building on the property is home to a long-term, locally-famous restaurant tenant on a triple net, month-to-month lease for flexible re-write & built-in cashflow. This property is located along a high-volume main road lined with businesses, zoned for mixed use, and surrounded by multiple residential layers. 28k average daily traffic count on River Rd. Cherry Avenue bifurcation on opposite side of the property leads to and from MLK Blvd. Building is a 1991 S.F. converted residence built in 1977 with a full, unfinished basement. Current building tenant, Sweet Home Thai Cuisine, has been successfully operating there for over 10 years. Tenant is fine with either signing a new lease with buyer, or making way for new occupant or development purposes. Seller-carried financing terms available. City of Keizer will allow the removal of perimeter Douglas Fir trees, as they do not conform to the surrounding environment. This timber can be harvested at $800-$1000 / MBF (1000 Board Feet), buyer due diligence. Cell tower easement & rights were recently sold, and are not included in this sale. However, the tower easement now has a 35 year sunset, from perpetuity, back into the main property. Owner of property will get a monthly rent check from Verizon Wireless at that time. Do not disturb tenant.