- ADDRESS:
- 13116 NE SANDY BLVD Portland, OR 97230
- VIDEOS:
- Print this Listing
- Price:
- $2,749,000
- Ft²:
- 17500
- Acres:
- 1.38
- MLS#:
- 23209818
- Lot Size:
- 1 to 2.99 Acres
- Zone:
- CM1
- County:
- Multnomah
- Style:
- 1 Story
- Yr Built:
- 1968
- Status:
- Active
- Levels:
- 1
- Heat:
- Other
- Roof:
- Flat
- Area:
- Portland Northeast
- Courtesy of:
- Great Western Real Estate Co
- Remarks:
- 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. With ample street frontage and prominent visibility, it presents an attractive investment opportunity. 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