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10175 SE Stark St

0.27 Acres of Commercial Land Offered at £986,250 in Portland, OR 97216

Investment Highlights

  • Eleven Food Carts generating $1,050 rent per month for each Food Cart
  • Strong 7.5% CAP Rate
  • Busy Signalized SE Stark St Intersection Corner Property
  • Similar to mobile home park or apartments, but without maintenance
  • Stable Tenants / Long Term
  • Income Property with Future Development Opportunity

Executive Summary

Long time established, Food Cart property with stable tenants producing an approximate 7.5% CAP Rate. Minimal maintenance compared to other real estate investment types. Eleven Food Carts generating $1,050 rent per month for each Food Cart. Busy signalized intersection at SE Stark Street & SE 102nd Avenue with Starbucks, Chevron and Bank of America on other corners. Buy now for income and develop later, as near and long-term investment opportunity.

Attachments

Proforma Stark Street Food Carts
Rent Roll-Stark Street Food Carts
Stark Street Food Carts Site Layout Plan

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per AC
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per AC $9.99
Other Income
Annual $99,999
Annual Per AC $9.99
Vacancy Loss
Annual $99,999
Annual Per AC $9.99
Effective Gross Income
Annual $99,999
Annual Per AC $9.99
Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual $99,999
Annual Per AC $9.99
Total Expenses
Annual $99,999
Annual Per AC $9.99
Net Operating Income
Annual $99,999
Annual Per AC $9.99

Property Facts

Price £986,250 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Auto Repair
  • Carwash
  • Convenience Store
  • Fast Food
  • Hold For Development
  • Restaurant
  • Service Station
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
No. Lots 1 Total Lot Size 0.27 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £986,250
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Auto Repair
  • Carwash
  • Convenience Store
  • Fast Food
  • Hold For Development
  • Restaurant
  • Service Station
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.27 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price £986,250 Lot Size 0.27 AC
Price Per AC £3,587,668
Price £986,250
Price Per AC £3,587,668
Lot Size 0.27 AC

Long time established, Food Cart property with stable tenants producing an approximate 7.5% CAP Rate. Minimal maintenance compared to other real estate investment types. Eleven Food Carts generating $1,050 rent per month for each Food Cart.

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Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R319672 Total Assessment £252,519
Land Assessment £0 Annual Taxes -£1
Improvements Assessment £0 Tax Year 2023

PROPERTY TAXES

Parcel Number
R319672
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£252,519
Annual Taxes
-£1
Tax Year
2023

zoning

Zoning Code CX Central Commerical (Commercial)
CX Central Commerical (Commercial)
(503) 439-8924

  • Listing ID: 28250472

  • Date on Market: 17/04/2023

  • Last Updated:

  • Address: 10175 SE Stark St, Portland, OR 97216

The Land Property at 10175 SE Stark St, Portland, OR 97216 is currently available For Sale. Contact Pacific Real Estate Investments, LLC for more information.

Nearby Listings

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10175 SE Stark St, Portland, OR for sale Building Photo- Image 1 of 6
Stark Street Food Carts Picture
10175 SE Stark St, Portland, OR for sale Building Photo- Image 2 of 6
Stark Street Food Carts Site Layout Plan
10175 SE Stark St, Portland, OR for sale Plat Map- Image 3 of 6
Plat Map
10175 SE Stark St, Portland, OR for sale Building Photo- Image 4 of 6
Building Photo
10175 SE Stark St, Portland, OR for sale Building Photo- Image 5 of 6
Building Photo

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10175 SE Stark St
(503) 439-8924 x

10175 SE Stark St

John Kennedy

(503) 439-8924

(503) 439-8924

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