11850 Ctr Ave Portland, OR 97217-7830
- Retail space
- 1,530 SF
- 0.42 lot acres
Current Use by Public Records
- Recycle Star / Waste Management Service
- Wild West Emporium / Cannabis Store
- Denas Mexico / E-Commerce Service
Property Details for 11850 Ctr Ave
- Year built
- 1974
- Lot size
- 0.42 lot acres
- Property size
- 1,530 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 2N1E33D 00501
- APU
- 2N1E33D00501
Description
This exceptional 1,530 square foot retail property, located at 11850 N Center Ave in Portland, Oregon, presents a compelling investment opportunity. Built in 1974 and situated on commercially zoned land in Multnomah County (zip code 97217), the property boasts a strong lease history. Currently operating as a dispensary, the space was formerly a Rich's Cigar Shop. The current tenant is under a lease agreement expiring November 2026, with a single five-year option to renew. The monthly net rent is $8,800. The asking price for this property is $1,550,000, translating to a price per square foot of $1,013.07. This property is ideally suited for investors seeking a stable, income-generating asset in a desirable Portland location. The property's convenient location and established tenant history make it an attractive investment prospect with significant potential for future returns. The property's zoning allows for a variety of commercial uses, providing flexibility for future tenants. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving market. Detailed financial information is available upon request.
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
- -122.681
- Latitude
- 45.609
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
