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Iconic NE Retail/Office 2975-3005 NE Sandy Blvd

19,500 SF Retail Building Portland, OR 97232 $2,850,000 ($146/SF)

Investment Highlights

  • 20 onsite parking spaces
  • Freight Elevator | (Recently serviced)
  • Updated HVAC and New Gas Heater in Basement
  • Opportunity for Onwer/User

Executive Summary

Zoned CM3 this site has excellent future development potential as well as providing an owner/user opportunity, or NNN leasing opportunity. Renovations were completed in 2019. The property features 8,500 SF of first-floor retail space, 5,500 SF of upper floor (3000 sqft. zoned retail and a large, unconditioned storage area with industrial window and a maple floor), and 5,500 SF of basement warehouse/limited office space.

Attachments

Untitled (20)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,500 SF
Building Class
C
Year Built
1928
Price
$2,850,000
Price Per SF
$146
Tenancy
Single
Building Height
2 Stories
Building FAR
0.97
Land Acres
0.46 AC
Zoning
CM3 - CM3 - Highly flexible Mixed Use - You can utilize the bonus FAR for a larger development on 2 lots and retain parking.
Parking
20 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
77 FT on Sandy Blvd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Fred Meyer
Starbucks
New Seasons Market
Club Pilates
Chase Bank
Bank of America
Pure Barre
Keybank
WW
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R139030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$600,520
  • Listing ID: 33111699

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 2975-3005 NE Sandy Blvd, Portland, OR 97232

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