Pending

13116 NE SANDY BLVD

Portland OR, 97230

$2,611,550


$149.23 per sqft

Pending

17,500 sqft

Commercial

Built in 1968

Courtesy of Great Western Real Estate Co

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.

24138244

MLS ID

August 25, 2024

Listed

November 22, 2024

Updated

Map

13116 NE SANDY BLVD
Portland OR, 97230

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Cooling Description

Other


Heating

No


Heating Description

Other

Exterior/Building Features

Lot Size

1.38 Acres


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

_142


Taxes

$34,756


Tax Frequency

Annually


Days on Market

50


Garage

No


Parking

On Site


Parking Total

72


View

No


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

CM1

Listing History

Date

Event

Price

10/16/2024

Pending

Listing Courtesy of Great Western Real Estate Co, Cornell Mann. [email protected]

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than The Real Brokerage are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 11/22/2024, 12:17 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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