OPPORTUNITY FOR EXPANSION:A framed and roofed 350 sq. ft. storage room can be converted into RENTABLE SPACE. This property is available for sale only in conjunction with the neighboring corner lot, and both transactions will occur simultaneously. The property is an owner-managed income property, consisting of a well-maintained strip mall with 8 tenants across 2 buildings, all of whom are currently fully leased. There is significant potential for increased returns through raising rents, as the current lease rates are below market value. Situated on a highly visible location along a bustling arterial street, just minutes away from Costco, this property boasts excellent accessibility via Sandy Blvd and NE 131st Ave. This property also offers a favorable return on investment and has the potential for increased income through additional investment, such as expanding into the adjacent vacant lot. The strip mall features a diverse mix of tenants, impressive curb appeal, and ample parking, making it a compelling investment option.
Prime investment opportunity! Two separate lots totaling 8.19 acres of blended industrial development land and open space. A concept development plan has been completed and has identified a 2.5-acre building envelope. Conveniently located 1/4 mile north of Interstate 84 near the Reynolds Industrial Park and the Airport Parkway Industrial submarket. Zoned GI (General Industrial) primarily intended to provide space for a wide range of industrial uses. Buyer to conduct due diligence & verify facts listed.
$50,000 per month triple net is the fair market value rent for this property. Currently used as a car auction site by Speeds towing who has been the anchor tenant for the last 25 years. Financial and lease information available upon request.
According to fair market value rents, this property has the potential to make double the income when compared to other industrial office buildings of this size. Buyer to perform own feasibility.
1,464 SF Building on 2 levels Lower level - 732 SF office/retail space - Upper Level - 732 SF - office/retail or live space (studio) .2 acre lot Year Built: 1967 Front lower level entry leads into retail/office space,consisting of a large open area, private office and ADA compliant bathroom Additional access into lower level via back entry door. Stairs on either side of the building to gain access to upper level Upper level consists of open living space/studio, vaulted ceilings, kitchen, bathroom and partial wrap around deck 4 off-street parking spaces Good visibility & monument signage opportunity Additional street parking available Close proximity to I-205, I-84, Portland Airport and only 15 minutes to Downtown Portland High traffic counts along SE Sandy Blvd Zoned CM1 - (Commercial Mixed-Use) - allows for a variety of uses, including live/work space? Surrounded by greenspace and Wilkes park!Call to schedule a time to tour. Motivated Seller!
The median home value in Portland, OR is $423,300. This is higher than the county median home value of $411,100. The national median home value is $219,700. The average price of homes sold in Portland, OR is $423,300. Approximately 50.26% of Portland homes are owned, compared to 43.77% rented, while 5.96% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Oregon 97230 has a population of 630,331. Portland 97230 is less family-centric than the surrounding county with 29% of the households containing married families with children. The county average for households married with children is 32.31%.
The median household income in Portland, Oregon 97230 is $61,532. The median household income for the surrounding county is $60,369 compared to the national median of $57,652. The median age of people living in Portland 97230 is 36.8 years.
The average high temperature in July is 80 degrees, with an average low temperature in January of 36.6 degrees. The average rainfall is approximately 42.8 inches per year, with 2.9 inches of snow per year.