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Commercial Land with Existing Buildings
For Sale
$5,600,000

4232 NE SANDY Blvd, Portland, OR 97213

CommercialSale, Portland, OR

Property Size8,474 SF
Lot Size0.92 Acres
Price / SF$660.84
Days on Market49

Property Features for 4232 NE SANDY Blvd

General Information

Property type Commercial Sale
Property subtype Other
Zoning CM2
Directions Ne Sandy Blvd / NE 43rd Avenue
Subdivision _142
Standard status Active
APN R216668
Size 8,474 SF
Lot size 0.92 Acres

Taxes and HOA fees

Tax Description MENEFEE ADD, BLOCK 4, E 75' OF LOT 2&3, lot 4&5MENEFEE ADD, Block 4, E 75' OF LOT 1 EXC PT IN ST
Tax Annual Amount 55115
Legal Description MENEFEE ADD, BLOCK 4, E 75' OF LOT 2&3, lot 4&5MENEFEE ADD, Block 4, E 75' OF LOT 1 EXC PT IN ST

Utilities

Heating system Forced Air

Building Details

Year built 1914
Floors in Building 2
Building materials Concrete
Roof type Flat
Listing Agency: MORE Realty
Listed By: Daniel Comfort
Added: Jul 9 Changed: Aug 25 Last Checked: Aug 26 at 3:06AM
MLS# 108757022

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This CM2-zoned commercial land assemblage covers approximately 0.92 acres and includes four tax lots identified as R216668, R216669, R216678, and R216670. Two common-wall buildings remain on the property, totaling 8,474 square feet, with a large paved parking area positioned to the south. Most of the existing space is vacant, while only a small portion is leased. The buildings date to 1914 and feature concrete construction, forced-air heat, and flat roofs.

The site fronts Sandy Blvd. for approximately 190 linear feet and extends along NE 43rd Ave. for approximately 390 linear feet. Existing improvements and parcel configuration provide a basis for evaluating redevelopment of the full assemblage, subject to buyer-completed due diligence and applicable approvals.

Key Highlights

  • Approximately 0.92 acres across four tax lots
  • CM2 zoning
  • 8,474 square feet of existing building area

Property Analytics

Current Use

The Bulgogi + Dukuhbee Noodle Restaurant

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Building Supply Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,983
Businesses Nearby

Demographics for 97213, OR

31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Assemblage includes multiple parcels, existing structures, and substantial frontage for future commercial development.
Where is this commercial land located?
The property is located at 4232 NE SANDY Blvd Portland, OR.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Approximately 0.92 acres across four tax lots; CM2 zoning; 8,474 square feet of existing building area
More about this property
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