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13230 SE Orient Dr 8,651 SF Retail Building Boring, OR 97009 $2,500,000 ($288.98/SF) 10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Over One Acre of Land, Strong Lottery numbers
  • All Furniture and most all Kitchen equipment

EXECUTIVE SUMMARY

SELLER FINANCING AVAILABLE. Here is an investment offering a strong financial opportunity with a 10+ % PLUS CAP RATE Set on 1.19 acres the commercial building space is over 8,600 sq ft. This includes the bountiful income-producing Backroads Pub and Grub with spacious customer seating and a strong Lottery revenue gaming area. In addition, there is rental income from a barbershop, an Artist space, and an Imaging business in a space with over 3,300 sq ft approx. This won't last long. DO NOT DISTURB EMPLOYEES. The tenants are all on a thirty-day month-to-month rental agreement to accommodate owner users.
4 years of P&L available with non-disclosure
** The Seller may Carry a portion of the balance with a strong down payment**

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,651 SF
Building Class
C
Year Built
1956
Price
$2,500,000
Price Per SF
$288.98
Cap Rate
10%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.19 AC
Zoning
RRFF5, County
Parking
8 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
247’ on SE Orient Dr

ABOUT 13230 SE ORIENT DR , BORING, OR 97009

INCOME OPPORTUNITY -Here is an investment offering a strong financial opportunity.[10% CAP RATE] Setting on 1.19 acres the commercial building space is over 8,650 sq ft.approx. This includes the bountiful income-producing Backroads Pub and Grub with spacious customer seating and a strong Lottery revenue gaming area. In addition, there is rental income from a barbershop, an Artist space, and an Imaging business in a space with over 3,300 sq ft approx. This won't last long. DO NOT DISTURB Employees or Tenants The Warehouse has 3,300 SQ. Ft of space and the building with the Pub-Art Studio-Barber has 5,351 SQ. FT. of space.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00646849
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$604,447
  • Listing ID: 32275130

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 13230 SE Orient Dr, Boring, OR 97009

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