20 2 St Gresham, OR 97030
- Retail properties
- 9,200 SF
Current Use by Public Records
- Retail properties
Property Details for 20 2 St
- Year built
- 1973
- Property size
- 9,200 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
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
- -122.432
- Latitude
- 45.4989
