4030-4040 Division St Portland, OR 97202
- Retail properties
- 4,500 SF
- 6,000.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4030-4040 Division St
- Lot size
- 6,000.00 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional Portland, Oregon commercial property, located at 4030-4040 SE Division Street, presents a unique owner-user or redevelopment opportunity. Boasting 4,500 square feet on a substantial 6,000-acre lot, this mixed-use building is zoned Commercial Mixed-Use 2 (CM2), offering significant flexibility. The asking price is $1,295,000, translating to $287.78 per square foot. The property features multiple storefronts, ideal for a variety of retail uses, and benefits from significant interior demolition already completed, saving considerable time and expense for future development. Further enhancing its appeal, a new sewer line has been installed, and the property includes two bathrooms and two curb cuts. Situated in the desirable Richmond neighborhood, known for its blend of historic and modern commercial and residential properties, this corner lot offers excellent visibility and accessibility. The seller is offering attractive financing options, including seller financing and creative financing structures to facilitate redevelopment. This is a rare chance to acquire a well-positioned property in a thriving Portland neighborhood with significant potential for growth and return on investment. The property is located in Multnomah County, Oregon, zip code 97202.
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
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.621
- Latitude
- 45.5046
