1. Oregon
  2. Portland
  3. 13116 Ne SANDY Blvd
$2,611,550

13116 Ne SANDY Blvd, Portland, OR 97230

  • 17,500 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon1.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $149/sqft
  • Property List Date Icon Listed 9 months ago

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.

Listing Status:
Active
Date Added:
August 25, 2024 at 05:00AM
Listing Office:
Great Western Real Estate Co : 503-255-7775
Listing Agent:
Cornell Mann : 503-939-7146
MLS ID:
24138244
  • A/C: Other
  • Heating: Other

This listing courtesy of Cornell Mann, Great Western Real Estate Co

Location

Schools Nearby

S

Shaver Elementary School

3701 NE 131st Pl, Portland, OR, 97230

Grades PK-5

0.41 miles away

P

Parkrose Middle School

11800 NE Shaver St, Portland, OR, 97220

Grades 6-8

0.70 miles away

P

Parkrose High School

12003 NE Shaver St, Portland, OR, 97220

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.