Iconic NE Retail/Office | 2975-3005 NE Sandy Blvd
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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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R139030 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $600,520 |
PROPERTY TAXES
Parcel Number
R139030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$600,520
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Presented by
Susak Properties, LLC
Iconic NE Retail/Office | 2975-3005 NE Sandy Blvd
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