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1015-1033 NE 82Nd Ave Portland, OR 97220

For Sale
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Two-building retail complex with long-term tenants and dedicated parking.

Property Features for 1015-1033 NE 82Nd Ave

General Information

Zoning
CM2

Building Details

Year built
1987

Source: Joe Kappler Agent Joe Kappler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Complex on NE 82nd Avenue

This retail complex comprises two buildings situated on NE 82nd Avenue, south of Interstate 84, and includes dedicated off-street parking. The south building, offering 6,000 square feet, is leased to a sports facility. The lease for this building expires on November 15th, 2025, with a current monthly payment of $8,984.37/NNN. In 2018, the tenant completed a major remodel, including a seismic upgrade, new ADA bathrooms, lighting, and new access controls. The north building, encompassing 1,500 square feet, is leased to an auto repair shop with a lease expiring on July 31st, 2027, and a current monthly payment of $3,862.50/NNN. The property is zoned CM2, Commercial Mixed Use 2, allowing for a variety of office, retail, and commercial uses, with a base zone height limit of 45 feet and a 2.5 to 1 FAR. The property is near the Interstate 84 and Interstate 205 interchange, with immediate access to the 72 bus line and a 5-minute walk to the NE 82nd Avenue MAX station. Portland International Airport is a 14-minute drive, and Vancouver, Washington is a 19-minute drive away. The property is a 100% leased investment with two long-term tenants.
Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

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

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

Similar Places Nearby

Gary's Auto Repair LLC, Superb Automotive Repairs, Affordable Car Care, SIR Auto Glass & Calibration, Fix Auto Portland East

Location Insight

  • Map
  • Local Demand
City
Portland
County
Washington
State
Oregon
Longitude
-122.5794036
Latitude
45.5306781

FAQs

What type of property is this?
Auto shop - Two-building retail complex with long-term tenants and dedicated parking.
Where is this auto shop located?
The property is located at 1015-1033 NE 82Nd Ave Portland, OR.
What are key features of this property?
This property features: - 100% leased investment with two long-term tenants providing immediate income.; - Attractive 7% cap rate factoring in 5% reserves.; - Prime location on NE 82nd Avenue with dedicated off-street parking and close proximity to I-84 and I-205.
More about this property
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