13511 Division St Portland, OR 97236-3048

Property Details for 13511 Division St

Year built

1972

Lot size

0.41 lot acres

Property size

7,340 SF

Zone code

CN2

Property type

Retail space

APN

1S2E02DC 07200

APU

1S2E02DC07200

Description

This exceptional 7,868 square foot retail storefront, located at 13511 SE Division St, Portland, OR 97236, presents a compelling owner-user opportunity. Situated on a high-visibility corner lot (17,775 sq ft) at the intersection of two major thoroughfares, experiencing over 41,000 vehicles per day, this multi-tenant property boasts significant exposure. Built in 1972 and renovated in 2001, the building features 14 parking spaces and is currently 51% occupied with month-to-month tenants, offering flexibility for an owner-user to occupy all or a portion of the space. Recent improvements include exterior paint, parking lot upgrades, and a new fence. The asking price is $1,525,000 ($194/sq ft), well below replacement cost. This prime location offers convenient access to transportation routes, Portland's downtown area, the airport, and nearby amenities, including Marketplace 205. The strong submarket boasts average household incomes exceeding $106,000 within a 5-mile radius. The property's APN is R283977. This well-maintained building, owned by the same party for over 50 years, represents a rare opportunity to acquire a significant retail presence in a thriving East Portland commercial corridor. The property's long-term ownership reflects a commitment to quality and pride of ownership. Additions to the building were constructed in 2001 and 2015.