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3039 SE Stark St 2,997 SF 60% Leased Retail Building Portland, OR 97214 $1,780,677 CAD ($594.15 CAD/SF) 7% Cap Rate
Investment Highlights
- Commercial Building and Residential living
- Fully Renovated in 2008
- Turn key in business
Executive Summary
Historic Commercial Building with Fully Renovated Coffee Shop at main floor, upstair is 1.5 bedroom stuie.basement is storage, Turn key Opportunity 6-7% ROI, Own a beautifully restored historic commercial building featuring a successful, fully operational coffee roasting business. The entire property has been extensively renovated, making it a true turnkey investment for an owner-user or investor. Recent renovations (in 2008) include:New plumbing, New electrical systems,New HVAC,New sheetrock and insulation,New interior trim, fresh interior and exterior paint, Refinished and varnished woodwork.The building is home to a thriving coffee roasting café with a loyal customer base and is fully equipped for continued operation. The thoughtfully restored historic character is complemented by a modern building system; https://obliquecoffeeroasters.com/the-historic-1891-landauer-mercantile-and-oblique-coffee-roasters/
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$131,370
|
$43.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,370 |
| Annual Per SF | $43.83 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,997 SF
Building Class
C
Year Built/Renovated
1891/2008
Price
$1,780,677 CAD
Price Per SF
$594.15 CAD
Cap Rate
7%
NOI
$124,647 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.11 AC
Zoning
R5 - R-5, Ground floor commercial use
Parking
2 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
53’ on Stark St
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Oblique Coffee Roasters
- Accommodation and Food Services
- 1,200 SF
- -
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Oblique Coffee Roasters | Accommodation and Food Services | 1,200 SF | - | Full Service | - |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R214594 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $319,183 CAD |
Property Taxes
Parcel Number
R214594
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$319,183 CAD
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3039 SE Stark St
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