Tag: Family Fun RV

Business Relocating, Property Sale

Family Fun RV Moves Out of Portland

This month, Family Fun RV closed its location at 333 SE 82nd Avenue after relocating the last reaming inventory to the new lot in St. Helens, Oregon. Construction fencing now surrounds the former vehicle sales establishment. Last year this company closed its other Portland location at 1027 SE 82nd Avenue to focus efforts oping a larger facility along Columbia River Highway.

Since 2017, Family Fun RV sold new and used recreation vehicles from the 82nd Avenue location. Although suffering recent thefts at the site and navigating challenging conditions on surrounding streets, this business’s relocation stemmed from the imminent sale of the property. The owner of this 28,212 square foot car lot listed it for sale at the beginning of 2022, along with many other properties in the area. Information regarding the pending sales of the site is not yet known. However, Family Fun RV staff indicated in a phone call last month that they would only close the 82nd Avenue location after being informed of an offer on the property. 

Family Fun RV at 333 SE 82nd Avenue from January 2022. Image from Google Maps

Family Fun RV’s new sales lot is substantially larger than the old Portland location, giving the woman-owned business the space to grow operations. Whoever buys the now-vacant 82nd Avenue location will gain a propionate property near downtown Montavilla. The half-block site has street frontages on three sides, making it highly accessible for many concurrent uses. Although it could easily host another automotive business, it is an ideal location for a mixed retail and housing project.

By

Jacob Loeb

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Property Sale

Owner Selling Two Large Properties on 82nd

Guild Investment Properties listed two of its Montavilla properties for sale this week. Each lot fronts 82nd Avenue and could support substantial redevelopment. Three businesses maintain leases at the locations and will continue occupancy in the event of a sale.

Rose City Automotive, located at 1033 NE 82nd Avenue and Metro Courts at 1015 NE 82nd Avenue, share a 21,780 square foot lot. This mid-block property includes nearly 200 feet of access to NE 82nd Avenue and is three blocks from a Max station. Initially developed in 1960, the property caters to automotive businesses with a substantial parking lot for each building. The listed price is for this property $2,250,000.

Rose City Automotive located at 1033 NE 82nd Ave

Family Fun RV leases the half-block property at 333 SE 82nd Avenue. This lot spans 28,212 square feet and sits between McDonald’s and St Peter & Paul Episcopal Church. Currently configured for automotive sales, only a small office and maintenance building exists at the location. This property is one block from Montavilla Town and has street frontage on three sides. It is located in a pedestrian district and accessible by many transportation options. Also listed for $2,250,000, this property is ideal for redevelopment.

Family Fun RV at 333 SE 82nd Avenue. Image from Google Maps

Six months ago, a 14,250 square foot parking lot across the street from 333 SE 82nd Avenue sold to B&U Properties for $807,500. By comparison, Guild Investment Properties priced its offerings higher than a market rate for the land. However, as investments, both new listings have active leases and generate income without further development, making the sites more valuable.

Property listings do not guarantee a sale. Owners may attempt to sell an asset to establish an accurate market value for a property and decline offers. Regardless, this is a unique opportunity for a developer to evaluate the potential of two massive properties along 82nd Ave. Redevelopment at either location would significantly impact a transforming portion of Portland and help improve the streetscape. 

By

Jacob Loeb

Update: Guild Investment Properties listed another two buildings for sale.

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Review - Opinion

Empty But Not Gone

One of the two Family Fun RV locations along SE 82nd Ave, is noticeably devoid of any RVs. They have consolidated their inventory of new and used RVs to the 333 SE 82nd Ave location. All branding and signage remains up, however the lot looks empty.

When reached for comment, a representative from Family Fun RV said the 1027 SE 82nd Ave location is still in use as a service location. He further explained that due to the current social distancing in effect, they have decided to keep only one location open to shoppers.

It is Family Fun RV’s intention to reopen the 1027 SE 82nd Ave location for sales, and balance the inventory between both locations. However this is dependant on when restrictions are lifted.