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    1005 Main Ave Gresham, OR 97030

    Sponsored
    For Sale
    $1,100,000

    Downtown Gresham, High-Income Producer

    Property size:
    4,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning, fully renovated 1926 building presents a rare opportunity in the heart of downtown Gresham, Oregon. Boasting 4,320 square feet of mixed-use space, encompassing both office and retail areas, this property offers exceptional income potential. The building underwent a complete overhaul in 2023, including a new roof, electrical system, HVAC, and a comprehensive interior upgrade. The substantial 15,000 square foot lot provides ample space, complemented by 24 onsite parking spaces and convenient drive-thru access from both Division and North Main Avenue. Currently generating a monthly rental income of $7,500, this property offers a strong return on investment. The asking price is $1,100,000, translating to $254.63 per square foot. The building is ADA compliant, ensuring accessibility for all tenants and visitors. This meticulously maintained property is a turnkey investment, ready for immediate occupancy and continued income generation. Its prime location in downtown Gresham offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-performing mixed-use asset in a thriving Oregon market. The property's blend of modern amenities and historic charm creates a unique and desirable space for tenants. This is a truly exceptional opportunity to acquire a profitable and well-maintained commercial property in a desirable location.

    Property Features for 1005 Main Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,320 SF

    HighLights

    • $1,100,000 asking price.
    • 4,320 square foot mixed‑use building (office and retail).
    • $254.63 price per square foot.
    • 15,000 square foot lot.
    • 24 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.4313048
    Latitude
    45.5046453

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Gresham, High-Income Producer
    Where is this mixed-use property located?
    The property is located at 1005 Main Ave Gresham, OR.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 4,320 square foot mixed-use building (office and retail).; $254.63 price per square foot.
    (503) 661-8000
    Request Owner's contact information
    1005 Main Ave Gresham, OR 97030
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    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
    1005 Main Ave Gresham, OR 97030
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