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    16721 SE Division St Portland, OR 97236

    For Sale
    $1,399,900

    COMMERCIAL - Portland, OR

    Property size:
    6,810 SF
    Lot size:
    1.10 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 16721 SE Division St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CN2
    APN
    R338045
    Size
    6,810 SF
    Lot size
    1.10 Acres

    Building Details

    Year built
    1947
    Floors in Building
    1

    RE/MAX equity group (503) 670-3000 [email protected]

    Listing agent Amit Amshalom (503) 626-4600

    Listing date Nov 14, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Redevelopment Opportunity in Portland

    Located at 16721 SE Division Street, this 1.10-acre commercial site in Portland presents a redevelopment opportunity. The property currently includes a vacant restaurant, a vacant warehouse building, and a vacant residential structure, offering potential for repositioning or full redevelopment. Situated in a high-traffic retail corridor, the site benefits from visibility and accessibility. It is located within Portland's Mall 205 Submarket, with traffic counts averaging over 30,000 vehicles per day. The property is near major retailers, including Ross, Rite Aid, and Regal Cinemas. With CN2 (Neighborhood Commercial) zoning, the property allows for a range of commercial uses and development scenarios. The property size is 6810 square feet. This location is an investment for developers, investors, and owner-users seeking value-add opportunities in a growing Portland submarket.
    Insight Report Location Intelligence

    Current Use by Public Records

    Four Season Gardening ... Hydroponics Equipment Supplier Monsing Co Wholesale Grocer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.490873
    Latitude
    45.504795

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    FAQs

    What type of property is this?
    Commercial land - 1.10-acre commercial site in high-traffic retail corridor.
    Where is this commercial land located?
    The property is located at 16721 SE Division St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: - 1.10-acre commercial site in Portland's growing eastern corridor.; - High-traffic retail corridor with excellent visibility and accessibility.; - CN2 (Neighborhood Commercial) zoning allows for a wide range of potential commercial uses.
    (503) 626-4600
    Request Owner's contact information
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    Portland, OR 97236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16721 SE Division St Portland, OR 97236
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