8141 SE Orient Dr
Gresham, OR 97080
Specialty Property For Sale · 5,000 SF

---RMLS# 19336081 and RMLS# 19350745 ---Huge investment opportunity with many options to make money on this one! Two separate tax lots, one OCI (Orient Commercial Industrial)that is .83 Ac with two shops and is currently and Custom Door and Cabinet shop run by the owners of the property. The other is .86 Ac and is zoned multifamily with 5 rental properties on site. All rentals are currently month to month and there are no vacancies. Long term renters between 2-5 yrs except two have moved in recently. Rentals have much more potential with some updates to get more in rental income than what is being charged currently! There is a studio/1ba @ $400/mo, 1bd/1ba @ $760/mo, 1bd/1ba @ $800/mo, 1bd/1ba @ $900/mo, and a 2bd/1ba w/ 2car garage @ $1170/mo. Property has room to add storage units for tenants which would be another way to increase rental income. Commercial Lot has the two shops, one of which is where all the cabinets are made, the other houses inventory, a CNC machine, and a nice front office/reception area. Sale price of the Property includes EVERYTHING onsite including the Cabinet Shop turnkey business, all inventory, all tools/equipment, CNC machine, vehicles, client base, etc. Sellers would prefer to sell the whole package including the business but understand they may have to remove the business from the deal and negotiate the sale price based on two shop shells on the property with no inventory or equipment. Sellers want a Seller carried contract for 10-15 years at 6% interest with a 20% down payment and a possible balloon payment at the end of the terms. All terms are negotiable. The lot lines between the rentals and main shop have made it difficult to split and sell separately so conventional financing doesn't seem to be an option as they want to sell both together. For your information I have attached the OCI zoning docs. Buyers to do their due diligence regarding approved businesses operating at this location. Another great option as an investor with this property would be finding another cabinet shop looking to expand and lease the shops. They would be able to get the client base that has been established over the last 35years in the community! Sellers open to staying on payroll for 6-12 months to train new owners if taking over the business is desired.