13116 NE Sandy Blvd Portland, OR 97230
Fully leased strip mall with expansion and income potential.
Property size:
17,500 SFProperty Features for 13116 NE Sandy Blvd
General Information
- Standard status
- Active
- Size
- 17,500 SF
Building Details
- Year built
- 1968
Source:
Corcoran
Listing Agent: Cornell Mann
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Well-Maintained Strip Mall Investment
This owner-managed income property features a well-maintained strip mall comprising two buildings with a total of eight tenants, all currently fully leased. Located in a highly visible area along a busy arterial street, the property is conveniently situated minutes from Costco and offers excellent accessibility via Sandy Blvd and NE 131st Ave. The strip mall boasts impressive curb appeal and ample parking. A framed and roofed 350 sq. ft. storage room presents an opportunity for conversion into rentable space. There is significant potential for increased returns through raising rents, as the current lease rates are below market value. The property offers a favorable return on investment and has the potential for increased income through additional investment, such as expanding into the adjacent vacant lot. This property is available for sale only in conjunction with the neighboring corner lot, and both transactions will occur simultaneously. The strip mall features a diverse mix of tenants, making it a compelling investment option. The property size is 17500 sq. ft.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mi Lindo Acapulco ...
Restaurant
TMB PDX Best ...
Restaurant
Tacos El Campeón
Restaurant
La Alegria Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5282789
- Latitude
- 45.5552565
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FAQs
What type of property is this?
Strip mall - Fully leased strip mall with expansion and income potential.
Where is this strip mall located?
The property is located at 13116 NE Sandy Blvd Portland, OR.
What are key features of this property?
This property features: - High-visibility location on a busy street near Costco, with easy access via major roads.; - Fully leased strip mall with 8 tenants across 2 buildings, providing immediate income.; - Potential for increased income by raising rents to market value.