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Listed by RE/MAX Equity Group
$ 1,500,000
Est. payment | /mo
6,810 SqFt
$ 1,500,000
Est. payment | /mo
6,810 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,810 sqft
Price per Sqft $220
MLS Listing ID 437890026
Year Built 1947
Annual Tax Amount $5,273
Tax Year 2024
Lot Size 1.100 Acres
Property Sub-Type Commercial
Property Description
16721 SE Division Street presents a compelling redevelopment opportunity in Portland's growing eastern corridor. This 1.10-acre commercial site currently hosts a vacant restaurant, a vacant warehouse building, and a vacant residential structure, providing a substantial potential for repositioning or full redevelopment.The property sits in a high-traffic retail corridor with excellent visibility and accessibility. Located within Portland's Mall 205 Submarket, the site benefits from strong traffic counts averaging over 30,000 vehicles per day and is situated among major retailers including Ross, Rite Aid, and Regal Cinemas in the immediate vicinity.With CN2 (Neighborhood Commercial) zoning, the property allows for a wide range of potential commercial uses and development scenarios. The increasing property values in East Portland and the site's strategic location position this offering as an attractive investment for developers, investors, and owner-users seeking value-add opportunities in a growing Portland submarket.
Location
State OR
County Multnomah
Area _143
Zoning CN2
Interior
Heating Other
Exterior
Garage No
Building
Story 1
Sewer Public Sewer
Water Other
Level or Stories 1
Others
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
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