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    20 2 St Gresham, OR 97030

    For Sale
    $1,400,000

    9,200 SF Multi-Tenant Storefront, 100% Occupied

    Property size:
    9,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 9,200 square foot, multi-tenant retail storefront located at 20-50 NW 2nd St. & 140 NW Miller Ave. in Gresham, Oregon (97030). The property, built in 1973 and classified as Class C, boasts a 100% occupancy rate with five retail tenants currently operating under short-term leases. This presents a unique opportunity for an owner-user to acquire the building or for an investor to capitalize on upcoming lease renewals. The current annual gross income is $116,160, generating a price per square foot of $152.17. The asking price for this well-maintained building is $1,400,000. Convenient access and retail storefronts are situated on the north and west sides of the building. Ample parking is available via a city-controlled surface lot and on-street parking. The roof was replaced in 2007. The property is zoned DCC and benefits from its location in Multnomah County. Annual property taxes are $18,539.85. This is a prime opportunity to acquire a well-located, income-producing retail property with significant upside potential.

    Property Features for 20 2 St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,200 SF
    Class
    C

    Building Details

    Year Built
    1973

    HighLights

    • $1,400,000 asking price for a 9,200 SF retail storefront.
    • Multi‑tenant retail building with 100% occupancy.
    • Located at 20 NW 2nd St, Gresham, OR 97030.
    • Class C building, built in 1973, with DCC zoning.
    • Short‑term leases provide owner‑user or investor opportunities; current annual gross income is $116,160.
    • Roof replaced in 2007; well‑maintained building with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Catering Service Seafood Restaurant Fish Market Diner Shoe Repair Storage Facility Supermarket Chinese Restaurant Bike Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4318302
    Latitude
    45.4988539

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    FAQs

    What type of property is this?
    Individual retail property - 9,200 SF Multi-Tenant Storefront, 100% Occupied
    Where is this individual retail property located?
    The property is located at 20 2 St Gresham, OR.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for a 9,200 SF retail storefront.; Multi-tenant retail building with 100% occupancy.; Located at 20 NW 2nd St, Gresham, OR 97030.
    Request Owner's contact information
    20 2 St Gresham, OR 97030
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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
    20 2 St Gresham, OR 97030
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