PRICE REDUCTION | Turnkey Auto Lot | 9.1% Pro-Forma Cap Potential
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~Motivated Seller~ w/ High Visibility offers Multiple Possibilities
Prime Commercial Real Estate Opportunity on High-Traffic Burnside Corridor
(Vacant at closing)
This exceptional 4,436 square foot commercial property offers unparalleled visibility and flexibility on Gresham's bustling Burnside Corridor, the primary route between Portland and Mount Hood.
Property Features:
• 135 feet of prime street frontage ensuring maximum visibility
• Main building with basement for storage, attic space, and flexible layout
• Two office spaces and two bathrooms (one ADA compliant)
• Retail/parts area adaptable for various business concepts
• Service area with two 10x12 garage doors ideal for indoor/outdoor operations
• Moveable walls throughout for customizable space configuration
• Three additional buildings on 0.56 acres
• Zoned DCL-Downtown Commercial Low Rise
Location Advantages:
Situated in Gresham's thriving commercial district surrounded by restaurants, car dealerships, banks, grocers, and diverse retail establishments. The property benefits from consistent high-traffic flow and excellent accessibility.
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.
Versatile Development Potential:
Rare DCL Zoning specifically PERMITS Outdoor Commercial Sales (Auto/Trailer/Equipment) and Drive-Throughs by right on this frontage—a hard-to-find designation in Downtown Gresham.
The site features a ~1,936 SF building (new HVAC, paint, windows) ideal for a showroom, taproom, or retail office. The basement provides cold storage capabilities, while the service area with garage doors offers unique indoor/outdoor possibilities. The lot is fully paved, fenced, and lighted. Zero front setbacks allowed for future mixed-use development. Seller willing to help your pro-forma work. Buyer to verify all uses with the City.
Neighboring businesses include a dental office, mortgage company, and restaurant, creating a diverse commercial environment. The retiring owner has maintained this property exceptionally well, presenting a turnkey opportunity for the next investor.
Conventional financing, cash purchases, and owner financing options available. Quick 30-day closing possible.
(Vacant at closing)
This exceptional 4,436 square foot commercial property offers unparalleled visibility and flexibility on Gresham's bustling Burnside Corridor, the primary route between Portland and Mount Hood.
Property Features:
• 135 feet of prime street frontage ensuring maximum visibility
• Main building with basement for storage, attic space, and flexible layout
• Two office spaces and two bathrooms (one ADA compliant)
• Retail/parts area adaptable for various business concepts
• Service area with two 10x12 garage doors ideal for indoor/outdoor operations
• Moveable walls throughout for customizable space configuration
• Three additional buildings on 0.56 acres
• Zoned DCL-Downtown Commercial Low Rise
Location Advantages:
Situated in Gresham's thriving commercial district surrounded by restaurants, car dealerships, banks, grocers, and diverse retail establishments. The property benefits from consistent high-traffic flow and excellent accessibility.
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.
Versatile Development Potential:
Rare DCL Zoning specifically PERMITS Outdoor Commercial Sales (Auto/Trailer/Equipment) and Drive-Throughs by right on this frontage—a hard-to-find designation in Downtown Gresham.
The site features a ~1,936 SF building (new HVAC, paint, windows) ideal for a showroom, taproom, or retail office. The basement provides cold storage capabilities, while the service area with garage doors offers unique indoor/outdoor possibilities. The lot is fully paved, fenced, and lighted. Zero front setbacks allowed for future mixed-use development. Seller willing to help your pro-forma work. Buyer to verify all uses with the City.
Neighboring businesses include a dental office, mortgage company, and restaurant, creating a diverse commercial environment. The retiring owner has maintained this property exceptionally well, presenting a turnkey opportunity for the next investor.
Conventional financing, cash purchases, and owner financing options available. Quick 30-day closing possible.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- 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 by right on this frontage—a hard-to-find in Gresham.
The lot is fully paved, fenced, and lighted. Zero front setbacks allowed for future mixed-use development. Buyer to verify all uses with the City. - Location Description
- Burnside Corridor of Gresham is the path between Portland and Mt Hood. Very highly trafficked with restaurants, car dealerships, bank, grocers and multiple retail businesses.2025 Traffic count at 25,938
- Current and Prior Use
- It is zoned DCL-Downtown Commercial Low Rise.
- Year Built
- 1987
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Conventional, Cash, Owner Financing
- Current Property Expenses
- Property Taxes: $14,305 AvgUtilities:$10,800Insurance etc. dependent upon usage.
Listing Info
- ID:
- 2410632
- Listing Views:
- 802
Attached DocumentsAttachment Disclaimer
786 NE Burnside Rd - Homebook.pdf
Business Location
Listing ID: 2410632 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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