The owners of two lots along 82nd Avenue at SE Ash Street have their property listed for lease or sale after years of trying to make a food cart pod project pencil out in that location. B&U Properties LLC acquired 218 and 322 SE 82nd Avenue in 2021, planning to transform the combined property into an active community hub, but required improvements to the sidewalk along the site’s 360 linear feet of frontage, and other development expenses caused the restaurant owner team to focus their immediate efforts on a SE Hawthorne Boulevard project. Now, with few cart owners showing interest in the area and construction estimates rising, the developers are looking for other options for the Montavilla site.
Uday Seelam and his partner Ben Bui have extensive restaurant experience, which they have used to create a popular food cart pod. They had hoped to build several locations, but headwinds in securing funding and shifts in dining patterns in Portland have caused the team to adjust their plans. Seelam explained that of the 15 cart owners who wanted to view the proposed location for their second food cart pod, no vendors committed to the space, and only one would reconsider at a future date.
Seelam remarked that contractor estimates rose to $1.5 million for the SE 82nd Avenue food cart pod project. This is in addition to the cost of the property and expenses related to clearing the old Recreational Vehicle lot’s sales office building that was once on the property. They had planned to construct the primary entrance on SE Ash Street and create a covered seating area, restrooms, and other amenities. Since first designing the layout, they had already agreed to reduce the project’s size for more parking and a lower overall price tag. However, without even a few vendors committed to the space, any level of continued investment would be risky. Instead, they hope another group will invest in the space. They would consider a lease, as they have not given up on the area altogether and could see reviving the project if conditions change. Still, Seelam said that if a buyer can pay the $1.6 million asking price for the combined lots, they would need to “cut their losses” and let another group try to create something. He noted that affordable housing would be a useful addition to the neighborhood at that site.
Area residents have other food cart options within walking distance from this location. The Yard at Montavilla is 1,300 feet north os SE Ash Street, across from Vestal School at 8220 NE Davis Street. Additionally, Montavilla’s Stark Street business corridor, just a block away from the vacant lots, offers many dining destinations and provides area residents with a variety of options. However, the change in direction for this project means the underutilized lots will remain mostly dormant for years. A portion of the paved land serves as overflow parking for customers visiting the shops at the adjacent “Annex” building, but construction fencing lines a substantial portion of the property. Groups interested in leasing or buying the land should contact Capacity Commercial Group for more information.
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