13509-13511 SE Division St - Freestanding FOR SALE


Portland, OR 97236
$1,525,000 USD
503-210-4068
13509-13511 SE Division St, Portland, OR for Sale
$1,525,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

13509-13511 SE Division St
Portland, OR 97236


OVERVIEW

13511 SE Division is prime retail center on the busy corridor featuring 3 Retail spaces, plus 2 additional potential retail or warehouse spaces. Currently the owner of the building is retiring from his flooring business, and that will free up additional square footage for new tenants or for an owner user. Owner flexible on doing a short term rent back of their carpet store and storage. The front retail spaces include a grocery market and video cafe. Both tenants are month to month. Potential to Repurpose, raise rents, or occupy the whole center. There is onsite hard to find off street parking with 10 plus spaces for customers and staff. Easy to show part of the building. Proforma rents at $199,000 annually, once the owner releases the owner occupied spaces. PLEASE DO NOT DISTURB TENANTS AND VISIT PROPERTY WITHOUT AN APPOINTMENT.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Division Street Retail Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,775 SF

ZONING

CM1

APN/PARCEL ID

R283977

ASK ABOUT THIS PROPERTY

Michael KapnickNorthmarqMore Info
503-210-4068

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Michael KapnickNorthmarqMore Info
503-210-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.