13116 NE SANDY BLVD Portland, OR $ 2,749,000
13116 NE SANDY BLVD
$ 2,749,000
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13116 NE SANDY BLVD

Portland, OR, 97230
$ 2,749,000
Baths0.0 Sq 17,500

Monthly Estimate*

$ 18,271

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Studio

Commercial Property for sale in Portland, OR

for $2,749,000. This 17,500 square foot building was built in 1968 on a lot size of 1.38.

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

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Commercial Active

Price

$ 2,749,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 34,756

Style

Commercial

Lot Size

1.38

Year Built

1968

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

23209818

Features
General
Sewer PublicSewer
Heating Other
Cooling Other
Roof Flat
Zoning CM1
Construction Materials Block Brick WoodSiding
Year Built 1968
Sale Includes Building Land
Stories 1
Property SubType Commercial
Tax Year 2023
Current Use Restaurant Retail Salon
Gross Income 248422.0
County Multnomah
Operating Expense 51056.0
Property Type CommercialSale
Status Active
Directions South-East Corner of NE Sandy and NE 131st Ave
City Portland
MLS Area _142
Lot Size Square Feet 60112.0
Listing Terms Cash Conventional
Tax Annual Amount 34756.04
Property Condition UpdatedRemodeled
Days on Market 170
Lease Type YearsRemaining1to5
Standard Status Active
Legal Description PRESTIGE PK BLOCK 10 LOT 1 TL 100
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Exterior
Parking Features OnSite
Water Source PublicWater
Total Parking 72.0
Number of Buildings 2
Building Area Total 17500.0
Lot Size Acres 1.38
Road Surface Type Paved
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Internal Only
Street Number 1 13116
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* Excluded Features
List By
Great Western Real Estate Co

Broker

greatwesternrealestate@gmail.com

Email

Affordability Calculator

$21,167
Per Month
86%
14%
0%
Monthly Principal & Interest
$18,271
Monthly Property Taxes
$2,896
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2024$2,749,000 -5.86% Price Down
12/26/2023$2,920,000 Listed Price

Map


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13116 NE SANDY BLVD, Portland, OR, 97230 is a Commercial Property for sale at $2,749,000 with 17,500 sqft and a lot size of 1.38. 13116 NE SANDY BLVD is a studio with 0.0 baths and was built in 1968. The property's zip code is 97230 which is in Portland, OR