Multi-Tenant Retail    

Division Street Retail Strip

 Portland, OR

Asking Price

$1,525,000

Price Per SF

$194/SF

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Year Built / Renovated

1972 / 2001

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Opportunity

Owner-User

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Avg HHI

$106K

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Square Feet

7,868 SF

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High-Density

Surrounding Residential

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INVESTMENT HIGHLIGHTS

  • The Subject Property has been well maintained including new exterior paint, parking lot improvements, and new exterior fence.
  • Priced well-below replacement cost at $194 PSF.
  • Opportunity for an owner-user to occupy a portion or all of the building, provided by 51% occupancy to two tenants operating month-to-month.
  • Frontage on hard corner of SE Division and 122nd, exposed to 41,805 VPD. 
  • Pride of Ownership Building. The current owner has owned and occupied the building for over 50 years with additions to the building constructed in 2001 and 2015.
  • Close proximity to high-density surrounding residential and convenient amenities, including nearby Marketplace 205, a regional shopping center pulling from a wide radius.
  • Located in a strong submarket with average household incomes of over $106k within a 5-mile radius.

Exclusively Listed By

Michael Kapnick

Vice President
  mkapnick@northmarq.com      503.210.4068
OR Lic. #960500191

Anthony Albrecht

Senior Associate
  aalbrecht@northmarq.com      503.210.4062
OR Lic. #201239052

Northmarq

4949 Meadows Road, Suite 490
Lake Oswego, OR 97035

northmarq.com