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.
Listing Provided Courtesy of Cornell Mann, Great Western Real Estate Co
General Information
24138244
Commercial
171
DOM
1.38 acres
17500
1968
CM1
Multnomah
R249874
CommercialSale
Commercial
PRESTIGE PK, BLOCK 10, LOT 1 TL 100
Listing Provided Courtesy of Cornell Mann, Great Western Real Estate Co
Krishna Realty data last checked: Aug 05, 2025 06:42 | Listing last modified Feb 12, 2025 14:02,
Source:
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.
