16502 SE DIVISION ST Portland, OR $ 1,950,000
16502 SE DIVISION ST
$ 1,950,000
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16502 SE DIVISION ST

Portland, OR, 97236
$ 1,950,000
Baths0.0 Sq 8,480

Monthly Estimate*

$ 12,960

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Studio

Commercial Property for sale in Portland, OR

for $1,950,000. This 8,480 square foot building was built in 1978 on a lot size of 0.59.

Take advantage of this turn-key investment opportunity! Centennial Square situated on the bustling Division Street, offering high visibility and consistent foot traffic. The property is fully occupied with NNN leases in place, ensuring a hassle-free investment with reliable rental income.

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Commercial Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,082

Style

Commercial

Lot Size

0.59

Year Built

1978

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24279963

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Zoning GC
Construction Materials Brick
Year Built 1978
Sale Includes Building Land
Stories 1
Property SubType Commercial
Tax Year 2023
Current Use ProfessionalService Retail Salon
Gross Income 132938.0
County Multnomah
Operating Expense 36717.0
Property Type CommercialSale
Status Active
Directions SE DIVISION & SE 165TH
City Portland
MLS Area _143
Lot Size Square Feet 25700.0
Listing Terms Cash Conventional
Tax Annual Amount 22082.83
Property Condition Existing
Days on Market 37
Lease Type YearsRemaining1to5
Standard Status Active
Legal Description LYNCH HAVEN BLOCK 3 LOT 1&2 EXC PT IN ST
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Exterior
Parking Features OnSite Secured
Water Source PublicWater
Total Parking 25.0
Number of Buildings 1
Building Area Total 8480.0
Lot Size Acres 0.59
Road Surface Type Paved
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Internal Only
Street Number 1 16502
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* Excluded Features
List By
Brantley Christianson Real Estate

Broker

jane@brantleychristianson.com

Email

Affordability Calculator

$14,800
Per Month
88%
12%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
$1,840
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
5/16/2024$1,950,000 Listed Price

Map


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16502 SE DIVISION ST, Portland, OR, 97236 is a Commercial Property for sale at $1,950,000 with 8,480 sqft and a lot size of 0.59. 16502 SE DIVISION ST is a studio with 0.0 baths and was built in 1978. The property's zip code is 97236 which is in Portland, OR