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East Portland Commercial Building & Land
For Sale
$1,595,000

333 SE 122nd Ave, Portland, OR 97216

2,365 SF building with nearly 30,000 SF of land.

Property Size2,365 SF
Price / SF$674.42
Days on Market312

Property Features for 333 SE 122nd Ave

General Information

Standard status Active
Size 2,365 SF
Property subtype Retail
Listing Agency: Norris & Stevens, Inc. - Corporate
Listed By: Matt Lyman · License #200807129
Source: Tcnworldwide
Added: Sep 25, 2025 Changed: Jul 6 Last Checked: Aug 2 at 4:32AM

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 Norris & Stevens, Inc. - Corporate

Investment Insights

Based on property information with market context.

This is an exceptional opportunity to acquire a commercial building with approximately 2,365 square feet of space, accompanied by nearly 30,000 square feet of contiguous land. The property is situated at a signalized intersection within East Portland's developing 122nd Avenue corridor. The CM2 zoning designation provides flexibility, supporting a range of residential and commercial redevelopment possibilities. Located along a major arterial, the site benefits from high traffic volume, convenient transit access, and proximity to modern multifamily developments. The location is transit-accessible, with bus stops and a MAX line in close proximity. The property offers strong street visibility and frontage along SE 122nd Avenue. The flexible zoning allows for multifamily, retail, office, or mixed-use developments. Existing improvements present potential for interim use or holding income. The property is surrounded by new residential and townhome projects.

Key Highlights

  • Large ± 30,000 SF lot in East Portland's 122nd Avenue corridor.
  • CM2 zoning allows for diverse residential and commercial redevelopment.
  • Located at a signalized intersection with strong traffic counts and visibility.

Property Analytics

Current Use

Iglesia Universal Church

Suggested Use

Top Pick Electrical Service Law Firm Barber Shop Bakery (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

973
Businesses Nearby

Demographics for 97216, OR

17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value

Market

Average Price Trend$/SF for Retail properties & Spaces in Portland, OR

Feb
$356 Mar
$399 Apr
$349 May
$225 Jun
Jul

Properties on Market for Retail properties & Spaces in Portland

Feb
Mar
Apr
May
Jun
Jul

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail property - 2,365 SF building with nearly 30,000 SF of land.
Where is this retail property located?
The property is located at 333 SE 122nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Large ± 30,000 SF lot in East Portland's 122nd Avenue corridor.; CM2 zoning allows for diverse residential and commercial redevelopment.; Located at a signalized intersection with strong traffic counts and visibility.
More about this property
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