Mixed-Use Development Land with
For Sale
Contact for pricing
225 NW 2nd St, Gresham, OR 97030
Proposed mixed-use development site with fully leased existing commercial buildings on month-to-month leases.
Property SizeContact for details
Lot Size0.78 Acres
Days on Market120
Property Features for 225 NW 2nd St
General Information
Standard status
Active
Lot size
0.78 Acres
Property subtype
Land
Occupancy
100%
Financials
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Multifamily Units
90
Listing Agency:
HFO Investment Real Estate
(503) 241-5541
Listed By:
Lee Fehrenbacher · License #OR 201211084
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 7:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HFO Investment Real Estate
Investment Insights
Based on property information with market context.
The Second Miller Apartments is a proposed development site consisting of three contiguous tax lots totaling 0.78 acres of developable land. The preliminary development plans call for a mixed-use building with 90 apartment units and approximately 2,450 square feet of ground-floor commercial space. The site currently includes existing commercial buildings that are fully leased, with all buildings on month-to-month leases.
Located in Gresham’s historic downtown, the site is within a designated Opportunity Zone. It is positioned for walkable access to downtown amenities and employers, with a walk score of 89 described in the materials.
For the existing buildings, the current gross income is approximately $98,000 per year. This offering combines near-term cash flow from the leased commercial buildings with planned mixed-use redevelopment.
Located in Gresham’s historic downtown, the site is within a designated Opportunity Zone. It is positioned for walkable access to downtown amenities and employers, with a walk score of 89 described in the materials.
For the existing buildings, the current gross income is approximately $98,000 per year. This offering combines near-term cash flow from the leased commercial buildings with planned mixed-use redevelopment.
Key Highlights
- 0.78‑acre (34,116 SF) proposed development site with three contiguous tax lots in Gresham, Oregon’s historic downtown.
- Proposed mixed‑use building plans for 90 apartment units plus ~2,450 SF of ground‑floor commercial space.
- Existing commercial buildings on the site are fully leased and generate about $98,000 per year in gross income.
Property Analytics
Current Use
Lease Details
90
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Proposed mixed-use development site with fully leased existing commercial buildings on month-to-month leases.
Where is this mixed-use property located?
The property is located at 225 NW 2nd St Gresham, OR.
What are key features of this property?
This property features: 0.78‑acre (34,116 SF) proposed development site with three contiguous tax lots in Gresham, Oregon’s historic downtown.; Proposed mixed‑use building plans for 90 apartment units plus ~2,450 SF of ground‑floor commercial space.; Existing commercial buildings on the site are fully leased and generate about $98,000 per year in gross income.
