421 NE BURNSIDE RD Gresham, OR $ 3,150,000
421 NE BURNSIDE RD
$ 3,150,000
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421 NE BURNSIDE RD

Gresham, OR, 97030
$ 3,150,000
Bedrooms-- Baths-- Sq 15,500
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421 NE BURNSIDE RD, Gresham, OR 97030 - Image 10
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Property for Rent in Gresham, OR

for $3,150,000. This 15,500 square foot property was built in 1978 on a lot size of 1.78.

This well established, well maintained, and fully leased multi-tenant commercial property in Gresham, OR offers a strong investment opportunity. Featuring 7 fully leased spaces, the property is home to a diverse mix of tenants: Retail, PersonalServices, and Food Services. Cascadia Center is located in a highly visible location along NE Burnside Road, a main Gresham throughway. Gresham High School, Les Schwab, Rivermark Bank, Auto Zone, and Goodwill, along with many popular fast food and food service businesses, surround the Cascadia Center complex. Travelers to Mt. Hood and Central Oregon use NE Burnside Rd. to reach their destinations. To the North is a large residential neighborhood.This location truly captures both local and commuter traffic.There are 37 parking spaces fronting Cascadia Center with driveway access from both NE Burnside Rd. and signaled NE Kelly Avenue.  The stable rent roll offers a reliable income stream and a solid return on investment. This is a rare opportunity toown a fully leased, income generating asset in a prime location, just down the street from incoming Trader Joe’s.

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Rental Pending

Price

$ 3,150,000

Taxes

$ 31,090

Style

Commercial

Lot Size

1.78

Year Built

1978

Town/City

Gresham

County/Region

Multnomah

MLS | Web ID

649165861

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Flat Membrane
Zoning DCL
Construction Materials WoodSiding
Year Built 1978
Sale Includes Building Land Sign
Stories Count 1
Property Subtype Commercial
Tax Year 2024
Current Use FoodService Other Retail
Parcel Number R337429
Gross Income 318426.0
County Multnomah
Operating Expense 85588.0
Property Type CommercialSale
HOA N
Status Pending
Directions At corner of NE Burnside Rd. and NE Kelly Ave.
City Gresham
MLS Area _144
Lot Size Square Feet 77536.0
Listing Terms Cash Conventional
Tax Annual Amount 31090.9
Property Condition Existing
Virtual Tour https://view.spiro.media/order/6e3ae719-f44f-4c3a-4a80-08dd405c71fe?branding=false
Lease Type YearsRemaining1to5 NNN
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description SECTION 03 1S 3E TL 14400 1.78 ACRES
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Exterior
Parking Features OnSite Paved
Water Source PublicWater
Total Parking 37.0
Number of Buildings 2
Building Area Total 15500.0
Lot Size Acres 1.78
Road Surface Type Paved
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Internal Only
Street Number 1 421
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* Excluded Features
List By
Kohler Meyers O'halloran Inc.

Broker

corinne@kmorealestate.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2025$3,150,000 -3.08% Price Down
5/28/2025$3,250,000 -7.14% Price Down
3/21/2025$3,500,000 Listed Price

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421 NE BURNSIDE RD, Gresham, OR, 97030 is a Property for Rent at $3,150,000 with 15,500 sqft and a lot size of 1.78. 421 NE BURNSIDE RD was built in 1978. The property's zip code is 97030 which is in Gresham, OR