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Commercial Land with Dual Street Frontage
For Sale
$4,500,000

4232 NE Sandy Blvd, Portland, OR 97213

CM2 zoning applies to a multi-lot site with two existing buildings.

Property Size8,474 SF
Price / SF$531.04
Days on Market108

Property Features for 4232 NE Sandy Blvd

General Information

Standard status Active
Size 8,474 SF
Property subtype Commercial
Zoning CM2

Site & Location

Neighborhood Hollywood

Taxes and HOA fees

Annual Taxes $55,115

Building Details

Building Size 8,474 SF
Year Built 1914
Buildings 2
Stories 2
Listing Agency: MORE Realty
Listed By: Daniel Comfort
Source: Eaglecaprealty
Added: Jul 9 Changed: Oct 23 Last Checked: Oct 23 at 5:57PM

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 MORE Realty

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Investment Insights

Based on property information with market context.

This multi-lot commercial land property encompasses approximately 0.92 acres and includes two buildings with a common wall. A middle building is attached on its west side to a separate building that is not part of the sale. Most of the existing building space is vacant; only a small portion of one building is leased.

The property has 190 feet of frontage on Sandy Boulevard and 390 feet along NE 43rd Avenue. An open parking area lies south of the buildings, along Sandy Boulevard. The site is zoned CM2.

Key Highlights

  • Approximately 0.92 acres across multiple lots
  • 190 feet of Sandy Boulevard frontage and 390 feet on NE 43rd Avenue
  • Two existing buildings with a common wall

Property Analytics

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Current Use

The Bulgogi + Dukuhbee Noodle Restaurant

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Building Supply Locksmith Carpet & Flooring Store

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

1,983
Businesses Nearby

Demographics for 97213, OR

31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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

Frequently Asked Questions

What type of property is this?
Commercial land - CM2 zoning applies to a multi-lot site with two existing buildings.
Where is this commercial land located?
The property is located at 4232 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 0.92 acres across multiple lots; 190 feet of Sandy Boulevard frontage and 390 feet on NE 43rd Avenue; Two existing buildings with a common wall
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