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786 NE Burnside Rd 1,936 SF Retail Building Gresham, OR 97030 $2,150,000 ($1,110.54/SF) 5.02% Cap Rate



INVESTMENT HIGHLIGHTS
- High Traffic Location
- Newly Paved lot, 75 spaces
EXECUTIVE SUMMARY
~Vacant at Closing~
High Traffic Count: Unbeatable visibility on the Burnside corridor: 2025 Traffic Count 25,938
Total Versatility: Building will be vacant at closing.
Flexible Structure: "Cement Box" construction means all interior walls can be removed or reconfigured.
The Specs:
Parking: 60+ paved spaces (Ideal for Auto Sales or Food Cart Pod).
Access: Two 10'x12' Garage Doors.
Storage: Full basement, large loft/attic, + 4 movable outbuildings.
The interior walls are movable, allowing you to customize the floorplan exactly to your specs. Includes basement and attic storage.
Condition: Meticulously maintained. Updated HVAC, new windows, fresh exterior paint, and recently paved lot.
Zoning Potential:
(See Zoning 1 Pager)
Food Cart Hub
Automotive/Vehicle Sales.
Restaurant/Boutique Retail
Sale is for building and land only. Agent related to Seller.
Stop searching, this property is the perfect candidate for the city's next great Food Cart Pod or Taproom. Located on the highly trafficked Burnside corridor, this site features a recently paved lot with 60+ parking spaces—offering ample room for a high density of carts and customer parking.
Will be EMPTY at closing, (with a 30-day closing available) this high-visibility property offers unmatched versatility on the bustling Burnside corridor.
MOTIVATED SELLER- OFFERING FINANCING! Prime 0.56-acre redevelopment or owner-user opportunity on high-traffic NE Burnside (150+ frontage). Located in a federally designated Opportunity Zone for major tax advantages. Rare DCL Zoning specifically PERMITS Outdoor Commercial Sales (Auto/Trailer/Equipment) and Drive-Throughs on this frontage—a hard-to-find designation in Gresham. The site features a ~1,936 SF building (new HVAC, paint, windows) ideal for a showroom, taproom, or retail office. With 75 parking spaces and a flexible "cement box" structure, the potential here is limitless. Current zoning allows for a variety of high-demand uses, including but not limited to: a potential Food Cart Hub-the expansive, recently paved lot is perfect for a food cart pod, with the main building serving as a commissary kitchen, taproom, or indoor seating area. Or automotive Sales-turn-key ready for vehicle sales with ample lot space and a building previously used for quick lube/mechanics, featuring two 10'x12' garage doors. Or a boutique Retail or Restaurant-create a destination spot with 150'+ Burnside Road Frontage. The lot is fully paved, fenced, and lighted, ready for immediate inventory display or conversion to a high-yield Food Cart Pod. Zero front setbacks allowed for future mixed-use development as its zoned for up to 60 units/acre (Multifamily/Townhouse), offering a massive future redevelopment exit strategy while you cash flow the property today. Seller willing to carry up to help your pro-forma work. Buyer to verify all uses with the City and perform all due diligence.
Lot: Recently paved for a clean, professional appearance
Sale Includes: Building and land
High Traffic Count: Unbeatable visibility on the Burnside corridor: 2025 Traffic Count 25,938
Total Versatility: Building will be vacant at closing.
Flexible Structure: "Cement Box" construction means all interior walls can be removed or reconfigured.
The Specs:
Parking: 60+ paved spaces (Ideal for Auto Sales or Food Cart Pod).
Access: Two 10'x12' Garage Doors.
Storage: Full basement, large loft/attic, + 4 movable outbuildings.
The interior walls are movable, allowing you to customize the floorplan exactly to your specs. Includes basement and attic storage.
Condition: Meticulously maintained. Updated HVAC, new windows, fresh exterior paint, and recently paved lot.
Zoning Potential:
(See Zoning 1 Pager)
Food Cart Hub
Automotive/Vehicle Sales.
Restaurant/Boutique Retail
Sale is for building and land only. Agent related to Seller.
Stop searching, this property is the perfect candidate for the city's next great Food Cart Pod or Taproom. Located on the highly trafficked Burnside corridor, this site features a recently paved lot with 60+ parking spaces—offering ample room for a high density of carts and customer parking.
Will be EMPTY at closing, (with a 30-day closing available) this high-visibility property offers unmatched versatility on the bustling Burnside corridor.
MOTIVATED SELLER- OFFERING FINANCING! Prime 0.56-acre redevelopment or owner-user opportunity on high-traffic NE Burnside (150+ frontage). Located in a federally designated Opportunity Zone for major tax advantages. Rare DCL Zoning specifically PERMITS Outdoor Commercial Sales (Auto/Trailer/Equipment) and Drive-Throughs on this frontage—a hard-to-find designation in Gresham. The site features a ~1,936 SF building (new HVAC, paint, windows) ideal for a showroom, taproom, or retail office. With 75 parking spaces and a flexible "cement box" structure, the potential here is limitless. Current zoning allows for a variety of high-demand uses, including but not limited to: a potential Food Cart Hub-the expansive, recently paved lot is perfect for a food cart pod, with the main building serving as a commissary kitchen, taproom, or indoor seating area. Or automotive Sales-turn-key ready for vehicle sales with ample lot space and a building previously used for quick lube/mechanics, featuring two 10'x12' garage doors. Or a boutique Retail or Restaurant-create a destination spot with 150'+ Burnside Road Frontage. The lot is fully paved, fenced, and lighted, ready for immediate inventory display or conversion to a high-yield Food Cart Pod. Zero front setbacks allowed for future mixed-use development as its zoned for up to 60 units/acre (Multifamily/Townhouse), offering a massive future redevelopment exit strategy while you cash flow the property today. Seller willing to carry up to help your pro-forma work. Buyer to verify all uses with the City and perform all due diligence.
Lot: Recently paved for a clean, professional appearance
Sale Includes: Building and land
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$144,000
|
$74.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,200
|
$3.72
|
| Effective Gross Income |
$136,800
|
$70.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,100
|
$2.12
|
| Net Operating Income |
$132,700
|
$68.54
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $74.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $3.72 |
| Effective Gross Income | |
|---|---|
| Annual | $136,800 |
| Annual Per SF | $70.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,100 |
| Annual Per SF | $2.12 |
| Net Operating Income | |
|---|---|
| Annual | $132,700 |
| Annual Per SF | $68.54 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,936 SF
Building Class
C
Year Built
1986
Price
$2,150,000
Price Per SF
$1,110.54
Cap Rate
5.02%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.08
Lot Size
0.56 AC
Opportunity Zone
Yes
Zoning
DC1 - DCL including auto/vehicle sales and repair, also convenience, food cart w bar, please refer to the Zoning 1 Pager attached- MANY potential uses!
Parking
60 Spaces (30.99 Spaces per 1,000 SF Leased)
Frontage
150’ on NE Burnside
AMENITIES
- Fenced Lot
- Monument Signage
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $291,750 (2025) | Total Assessment | $702,980 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$291,750 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$702,980 (2025)
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786 NE Burnside Rd
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