Retail

Woodstock Laundry

4740 SE Woodstock Blvd, Portland, OR 97206

Property Details
	
			Price
			$850,000
		
			Cap Rate
			0.94%
		
			Proforma Cap Rate
			4.03%
        
			Price/RSF
			$320.63
		
			Rentable Square Footage (RSF)
			2,651 SF
		
			Site Area
			0.11 Acres
		
			Zoning
			CM2

Property Description

Fulcrum Pacific is excited to market for sale Woodstock Laundry on SE Woodstock Blvd. in Southeast Portland, Oregon. The offering is the fee simple ownership of a single-family home (SFH), and a standalone Laundromat located on the same parcel. Located in Southeast Portland, Oregon, this property is strategically positioned on Woodstock Boulevard and is surrounded by numerous new multifamily developments and houses the only laundromat on the street. The Woodstock Laundry property provides an investor with the opportunity to acquire a well-located commercial property with upside in future rent growth and redevelopment.

Property Highlights

Built-In Diversification of Income: Both Commercial and Residential Income potential
Strong Sustained Rent Growth Potential: The SFH will be delivered vacant allowing an investor to lease at market rates while the Laundromat has a short term lease in place that is well below market rates.
Owner/User and Live/Work Potential: Current Laundromat operator is open to selling the business in conjunction with the Real Estate. Please inquire with Agent for details.
Future Redevelopment Potential: Attractive CM2 Zoning coupled with the short term lease allows for future redevelopment of the site.