Current Use by Public Records
- Retail properties & Spaces
Property Details for 7910-7916 Division St
- Year built
- 1966
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 7910-7916 SE Division St, Portland, OR 97206, presents a prime investment opportunity. The 4,294 square foot building, constructed in 1966 and zoned C4, boasts two retail suites currently leased to destination stores with long-term leases (extending beyond five years) featuring 3% annual rent increases. The property also includes a three-bedroom, one-and-a-half-bathroom apartment, providing diversified income streams. Situated in Portland's vibrant Jade District, directly across from a Portland Community College campus, this location offers unparalleled visibility and accessibility. The area enjoys a Walk Score of 85 and a Transit Score of 52, benefiting from high traffic volume (25,366 vehicles per day on Division & 82nd). The property's strong performance is reflected in the 8% cap rate and 100% occupancy. The asking price is $1,390,000 ($324 per square foot). This thriving submarket shows a 13% year-over-year increase in sales volume, underscoring the significant investment potential. The Jade District's rich cultural diversity further enhances the property's appeal. This is a rare opportunity to acquire a well-positioned, high-performing mixed-use asset in a rapidly growing area of Portland.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.581
- Latitude
- 45.5051
