1806 11 Mile Ave Gresham, OR 97030

This exceptional investment opportunity presents a 3,760 square foot auto shop located at 1806 NW Eleven Mile Ave, Gresham, OR 97030. The property boasts a strong 9.19% cap rate, generating a substantial NOI of $91,024 annually from a 100% occupied, single-tenant net lease. The current lease, with one year remaining, features a tenant responsible for all maintenance, utilities, and insurance, minimizing landlord responsibilities. Built in 1988 and renovated in 2019, this well-maintained building sits on a 0.52-acre lot and is zoned C4. The asking price is $990,000, translating to $263.30 per square foot. Benefiting from its prime location near a Tri-Met transit hub, this property enjoys enhanced security and convenient public transportation access. The tenant's specialized business thrives within a cluster of similar auto repair shops, minimizing vacancy risk and maximizing long-term profitability. This distressed sale presents a compelling opportunity for investors seeking a stable, high-return investment in a desirable location.