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    Glisan St Gresham, OR 97030

    Sponsored
    For Sale
    $550,000

    0.55-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.55-acre commercial land parcel, situated at the northwest corner of NE 202nd Avenue and NE Glisan Street in Gresham, Oregon, presents a unique investment opportunity. The property boasts high visibility and accessibility, benefiting from its strategic location in the North Gresham neighborhood. Zoned Neighborhood Commercial (NC) by the City of Gresham, the site allows for a diverse range of uses, including gas stations, offices, affordable housing, restaurants (with drive-through capabilities), and various personal service retail businesses. This flexibility maximizes development potential and ensures a strong return on investment. Adding to its appeal, the property's location within an Opportunity Zone provides significant tax advantages for qualified investors. The lot encompasses 23,957 square feet and offers excellent proximity to major transportation routes, enhancing its convenience and accessibility. With its prime location, flexible zoning, and attractive financial incentives, this property represents a compelling opportunity for developers and investors seeking a high-impact commercial venture in a thriving Oregon community. The zip code is 97030, and the property is located in Multnomah County.

    Property Features for 0 Glisan St

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • Neighborhood Commercial (NC) zoning.
    • High visibility and accessibility.
    • Excellent proximity to major transportation routes.
    • Located in an Opportunity Zone.
    • Drive‑through potential.
    • 23,957 SF lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4551075
    Latitude
    45.5134714

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    FAQs

    What type of property is this?
    Land - 0.55-acre lot, ideal for development.
    Where is this land located?
    The property is located at Glisan St Gresham, OR.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Neighborhood Commercial (NC) zoning.; High visibility and accessibility.; Excellent proximity to major transportation routes.
    (503) 222-5100
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    Glisan 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
    Glisan St Gresham, OR 97030
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