Gresham Retail for Sale
PRICE REDUCTION | Turnkey Auto Lot | 9.1% Pro-Forma Cap Potential
OWNER-USER OPPORTUNITY: Own for $0 Down
Stop paying rent and own the dirt. This 0.56-acre prime commercial site is located in the heart of Gresham's "Auto Row" with 135' of direct frontage on NE Burnside Rd (25,000+ VPD). Rare DCL zoning explicitly PERMITS Outdoor Commercial Sales (Auto/Trailer/Equipment) and Drive-Throughs by right on this frontage—no conditional use permit required.
INVESTOR & DEVELOPER UPSIDE
Aggressively priced at $1.75M, this Opportunity Zone asset offers ultra-low 2025 property taxes ($14,305.35) and multiple high-yield exit strategies:
Auto Dealer / Equipment Rental: Turnkey lot is fully paved, fenced, and lighted with a renovated ~1,936 SF showroom.
Food Cart Hub: Pro-forma projects a 9.1% Cap Rate for a high-density cart pod and taproom development.
Passive NNN: Stabilized dealership or retail lease projects a safe ~8.0% Cap Rate.
FINANCING & TAXES
100% SBA Financing: Qualified owner-users can acquire the property for $0 Down.
Seller Carry: Seller is motivated and willing to carry a note for a streamlined close.
Tax Benefits: Located in a federal Opportunity Zone for major capital gains advantages.
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
