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8220 NE Davis St 0.1 Acres of Commercial Land Offered at $699,000 in Portland, OR 97220
INVESTMENT HIGHLIGHTS
- Expanding Food Cart Pod: Diverse cuisine in a high-traffic NE Portland location.
- Income Potential: Below-market rents and organic growth opportunities.
- Stable Tenants: Leases of one year or more, with many multi-year.
EXECUTIVE SUMMARY
A recently opened and growing food cart pod in NE Portland, providing space and amenities to a dozen food carts at an attractive high-traffic location. Food carts represent a range of cuisine, including deserts, snacks, and a drinks cart. There are no competing food carts at the pod, attracting high-value tenants. All tenants are on at least a one-year lease, with most leases being multi-year. Pod has been growing organically, with multiple cart operators opening additional carts at the same pod due to their continued success. Average rent is below the market, presenting an additional income opportunity. Pod operates on land leased with options to extend through 2036.
PROPERTY FACTS
| Price | $699,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| Sale Condition | Ground Lease (Leasehold) | Total Lot Size | 0.10 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | CG | ||
| Price | $699,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.10 AC |
| No. Stories | 1 |
| Zoning | CG |
1 LOT AVAILABLE
Lot
| Price | $699,000 | Lot Size | 0.10 AC |
| Price Per AC | $6,990,000.00 |
| Price | $699,000 |
| Price Per AC | $6,990,000.00 |
| Lot Size | 0.10 AC |
This is the sale of a ground lease (Leasehold) not the trucks on the property. See attached brochure for more details about the financials.
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | R284754 | Improvements Assessment | $0 |
| Land Assessment | $115,370 | Total Assessment | $115,370 |
PROPERTY TAXES
Parcel Number
R284754
Land Assessment
$115,370
Improvements Assessment
$0
Total Assessment
$115,370
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8220 NE Davis St
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