13116 NE SANDY BLVD, Portland OR, 97230

Active

13116 NE SANDY BLVD

Portland OR, 97230

$2,749,000

$157.09 per sqft

Active

17,500 sqft

Commercial

Built in 1968

Courtesy of Great Western Real Estate Co [email protected]

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

23209818

MLSⓇ ID

December 26, 2023

Listed

May 9, 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: 49
Garage: No
Parking: On Site
Parking Total: 72
View: No
County: Multnomah
Water Source: Public Water
Pool: No
Zoning: CM1
Buyer Agency Compensation: 2.5%

Listing History

Date	Event	Price
2/13/2024	Price Change	$2,749,000 -6%

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

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This content last updated on 5/9/2024, 10:04 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.