13116 NE SANDY BLVD Portland, OR $ 2,480,973
13116 NE SANDY BLVD
$ 2,480,973
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13116 NE SANDY BLVD

Portland, OR, 97230
$ 2,480,973
Bedrooms-- Baths-- Sq 17,500
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Property for Rent in Portland, OR

for $2,480,973. This 17,500 square foot property was built in 1968 on a lot size of 1.38.

OPPORTUNITY FOR EXPANSION:A framed and roofed 350 sq. ft. storage room can be converted into RENTABLE SPACE. 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. 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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Rental Pending

Price

$ 2,480,973

Taxes

$ 36,241

Style

Commercial

Lot Size

1.38

Year Built

1968

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

282147045

Features
General
Sewer PublicSewer
Heating ForcedAir Other
Cooling Other
Roof Flat
Zoning CM1
Construction Materials Block Brick WoodSiding
Year Built 1968
Sale Includes Building Land
Stories Count 1
Property Subtype Commercial
Tax Year 2024
Current Use AthleticFacility Restaurant Salon
Parcel Number R249874
Gross Income 265978.0
County Multnomah
Operating Expense 53234.0
Property Type CommercialSale
HOA N
Status Pending
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 36241.66
Property Condition Approximately
Lease Type YearsRemaining1to5
Standard Status Pending
Accessory Dwelling Unit Y/N N
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

GreatWesternRE@gmail.com

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2025$2,480,973 Listed Price

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13116 NE SANDY BLVD, Portland, OR, 97230 is a Property for Rent at $2,480,973 with 17,500 sqft and a lot size of 1.38. 13116 NE SANDY BLVD was built in 1968. The property's zip code is 97230 which is in Portland, OR