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Listed by Great Western Real Estate Co • GreatWesternRE@gmail.com
$ 2,611,550
Est. payment | /mo
17,500 SqFt
$ 2,611,550
Est. payment | /mo
17,500 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 17,500 sqft
Price per Sqft $149
MLS Listing ID 24138244
Year Built 1968
Annual Tax Amount $34,756
Tax Year 2023
Lot Size 1.380 Acres
Property Description
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.
Location
State OR
County Multnomah
Area _142
Zoning CM1
Interior
Heating Other
Cooling Other
Exterior
Roof Type Flat
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nicole Richards
REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000