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    1214 Eastman Pkwy Gresham, OR 97030

    Sponsored
    For Sale
    $1,950,000

    Prime Gresham location, high-growth potential.

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity encompasses 2,400 square feet on a 0.89-acre lot in desirable Gresham, Oregon. Strategically located directly across from Gresham City Hall, this property offers significant upside potential. The offering includes four tax lots: one vacant land parcel, one residential lot with an existing home, one lot with a commercial metal building, and one lot containing a multi-tenant commercial structure. The property is situated within an Opportunity Zone (Census Tract 41051010001), providing potential tax advantages for investors. The DTM zoning designation supports a diverse mix of uses, including institutional, residential, commercial, and employment, allowing for flexibility in future development or expansion. This unique assemblage presents a rare chance to acquire a substantial holding in a thriving urban center. The existing structures offer immediate income potential, while the vacant land and zoning flexibility provide ample room for future growth and development. The property's prime location and diverse zoning make it an ideal investment for both short-term and long-term strategies. This is a truly unique opportunity to acquire a significant commercial property in a high-growth area with substantial potential for appreciation. The combination of existing income streams and future development possibilities makes this an attractive investment for discerning buyers. Serious inquiries only.

    Property Features for 1214 Eastman Pkwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,400 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Catering Service Seafood Restaurant Fish Market Diner Shoe Repair Car Rental Wine and Liquor Store Tech Support Center Mobile Phone Store Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4349
    Latitude
    45.50589

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Gresham location, high-growth potential.
    Where is this commercial real estate located?
    The property is located at 1214 Eastman Pkwy Gresham, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (503) 667-1200
    Request Owner's contact information
    1214 Eastman Pkwy Gresham, OR 97030
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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
    1214 Eastman Pkwy Gresham, OR 97030
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