1214 Eastman Pkwy Gresham, OR 97030
- Commercial real estate
- 2,400 SF
- 0.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1214 Eastman Pkwy
- Year built
- 1974
- Lot size
- 0.89 lot acres
- Property size
- 2,400 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses 2,400 square feet on a 0.89-acre lot in desirable Gresham, Oregon. Strategically located directly across from Gresham City Hall, this property offers significant upside potential. The offering includes four tax lots: one vacant land parcel, one residential lot with an existing home, one lot with a commercial metal building, and one lot containing a multi-tenant commercial structure. The property is situated within an Opportunity Zone (Census Tract 41051010001), providing potential tax advantages for investors. The DTM zoning designation supports a diverse mix of uses, including institutional, residential, commercial, and employment, allowing for flexibility in future development or expansion. This unique assemblage presents a rare chance to acquire a substantial holding in a thriving urban center. The existing structures offer immediate income potential, while the vacant land and zoning flexibility provide ample room for future growth and development. The property's prime location and diverse zoning make it an ideal investment for both short-term and long-term strategies. This is a truly unique opportunity to acquire a significant commercial property in a high-growth area with substantial potential for appreciation. The combination of existing income streams and future development possibilities makes this an attractive investment for discerning buyers. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.435
- Latitude
- 45.5059
