$2480973
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Bed
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Bath
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17500 SqFt
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2 DOM
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Built: 1968
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Status: Active
Love this home?
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.
Listing Provided Courtesy of Cornell Mann, Great Western Real Estate Co
General Information
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282147045
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Commercial
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2 DOM
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1.38 acres
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17500
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1968
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CM1
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Multnomah
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R249874
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CommercialSale
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Commercial
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PRESTIGE PK, BLOCK 10, LOT 1 TL 100
Listing Provided Courtesy of Cornell Mann, Great Western Real Estate Co
PDXA1 Realty Group data last checked: Jul 17, 2025 22:09 | Listing last modified Jul 16, 2025 09:32,
Source:
Residence Information
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17500
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Flat
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OnSite
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1
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1968
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No
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Features and Utilities
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Other
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ForcedAir, Other
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PublicSewer
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Gas
Financial
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36241.66
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Cash,Conventional
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07-14-2025
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No
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No
Comparable Information
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2
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3
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Cash,Conventional
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$3,420,000
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$2,480,973
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Jul 16, 2025 09:32
Schools
Map
Listing courtesy of Great Western Real Estate Co.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 17, 2025 22:09 | Listing last modified Jul 16, 2025 09:32.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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