The subject property located at 4205 Cherry Avenue NE may ultimately be sold individually, but it is strongly preferred that it be sold as part of the broader adjacent portfolio.
Located at 4205 Cherry Avenue NE in Keizer, Oregon, this property enjoys a prominent corner presence just off River Road North, one of the city’s primary arterials. Situated at a signalized intersection with strong visibility and easy access, the site benefits from an average daily traffic count exceeding 26,000 vehicles nearby. The property is zoned CM (Commercial Mixed Use), offering a wide array of potential future uses, including office, retail, or mixed commercial development.
The 2,475 SF building is currently leased to a single tenant on a short term basis and sits on a 6,534 SF parcel.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
