Listing Courtesy of: Harlan Mayer - RealEstatePDX.com
503-288-3979
$2,850,000
Calculate Payment
Calculate Payment
2975 NE SANDY Blvd Unit 2975 Portland, OR 97232
General Commercial
Residence
Beds
Baths
6,000
Sq. Ft.
0.19
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
With an exceptional location, the property is a multi-tenant retail warehouse building containing 19,500 SF of Retail and Basement space on a 20,000 SF site. 20 on-site parking spaces make this a very accessible location. Building is in excellent condition with heavy timber beams, and concrete block... construction. Updated HVAC and new gas furnace.Zoned CM3 this site has excellent future development potential as well as providing an owner/user opportunity, or NNN leasing opportunity. Renovations were completed in 2019. The property features 9,000 SF of first-floor retail space, 6,000 SF of upper floor (3000 sqft. zoned retail and a large, unconditioned storage area with industrial window and a maple floor, and 4,500 SF of basement warehouse/limited office space.The current main floor tenant has purchased another property and intends to move out September of 2025. (Currently paying $6000/mo.) The daylight basement is available for lease as of October, 2024, and the upstairs space is currently available for lease. There is a billboard on the east side of the building which is leased @ just over $1000/mo.$142.50/sqft. for the CM3 Land itself.NE Sandy has gone through transformation which has seen the redevelopment of a number of projects. Redevelopment includes the overhaul of existing properties to transform retail uses with street frontage, in addition to complete ground-up development of mixed-use projects along the arterial, as discussed later in this section. The buildings are located within a commercial corridor with primarily commercial uses along NE Sandy in this area. There are flex and industrial users with minor frontage pocketed to the west. Excellent potential for Mixed-Use Residential/Commercial development.
Continue reading
MLS#
24029427
Property Type
General Commercial
Status
Year Built
1928
Square Feet
6,000
sq. ft
Lot Size
0.19
Sewer
Public Sewer Available
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Rental Valuation Estimate
Per Month
Nearby Homes For Sale
Just Listed
And
Homes Available
In