110 Roberts Ave Gresham, OR 97030
Exceptional opportunity to acquire a 10,981-square-foot former bank building situated on three parcels totaling 0.87 acres in Gresham, Oregon. This single-story, Class B building, constructed in 1942, is currently vacant and offers significant potential for a variety of uses. The property features a drive-thru and ample parking. Located just one block from Powell Boulevard in Downtown Gresham, the property benefits from a highly desirable DCC (Downtown Commercial Core) zoning designation. This versatile zoning allows for a wide range of development options, including retail, residential, medical, and office spaces. The asking price is $1,900,000, and the property is being sold "As-Is, Where-Is." This presents a unique chance for owner-users, investors, or developers seeking a prime location and flexible zoning in a thriving Oregon community. The property's size and location make it an attractive investment opportunity with considerable upside potential. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.