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    154 Festival Dr El Paso, TX 79912

    Sponsored
    For Sale
    Contact for pricing

    Prime Gresham retail, multiple suites available.

    Property size:
    13,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Invest in this thriving Gresham, Oregon retail center, Gresham Town Fair. This multi-tenant property boasts a total of 264,634 square feet, offering a diverse range of spaces to suit various business needs. Currently, there are eight suites available, with sizes ranging from a minimum of 1,130 square feet to a maximum contiguous space of 14,910 square feet. A significant 41,417 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The property features ample parking with 1266 spaces to accommodate customers and employees. Located in Multnomah County, this retail center benefits from exceptional accessibility, being within walking distance of Portland's MAX Light Rail, a transit system carrying over 127,000 daily riders and providing convenient access to downtown Portland. Virtual tours are available for prospective tenants to explore the property's layout and potential. This is an exceptional opportunity to secure retail space in a high-traffic, well-connected location. Contact us today to learn more about leasing opportunities and explore the potential of this vibrant retail center.

    Property Features for 154 Festival Dr

    General Information

    Property type
    Medical offices
    Square Feet
    13,040 SF
    Class
    A

    Building Details

    Year Built
    2004
    Buildings
    8
    Units
    2

    HighLights

    • Retail property totaling 264,634 square feet.
    • Multi‑tenant building with eight suites available.
    • Spaces range from 1,130 to 14,910 square feet.
    • 41,417 square feet currently vacant.
    • Ample parking with 1,266 spaces available.
    • Located in Multnomah County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brooks David MD Psychiatrist Dr. Dwayne M. ... Internist Maribel Magallanes, FNP-BC General Practitioner Prestige Development Group Contractor Dr. Arthur A. Cohen, ... Internist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.512583
    Latitude
    31.8198366

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    FAQs

    What type of property is this?
    Medical office - Prime Gresham retail, multiple suites available.
    Where is this medical office located?
    The property is located at 154 Festival Dr El Paso, TX.
    What are key features of this property?
    This property features: Retail property totaling 264,634 square feet.; Multi-tenant building with eight suites available.; Spaces range from 1,130 to 14,910 square feet.
    Request Owner's contact information
    154 Festival Dr El Paso, TX 79912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    154 Festival Dr El Paso, TX 79912
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