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    FOR SALE
    Retail space

    5700 Foster Rd, Portland, OR 97206-3866

    3,167 SF 0.07 ac lot Built 1949
    Individually Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US71-0328787
    Property summary
    AI-generated overview

    This exceptional 3,167 square foot mixed-use building, located at 5700 SE Foster Road in Portland, Oregon, presents a unique investment opportunity. Built in 1949 and extensively renovated in 2020, this single-story structure sits on a 3,180 square foot lot and boasts a 100% occupancy rate since June 1st, 2023. The property features a striking exterior with elegant cedar siding and expansive windows, maximizing visibility for any business. Inside, 12-foot ceilings create a bright, open atmosphere. The layout includes a spacious showroom and a separate backroom area, perfect for storage or additional operations. A convenient grade-level loading zone ensures efficient logistics. Recent upgrades include new back doors, windows, and a modern security system. Zoned CE MUC, this versatile space is ideal for a variety of uses, including retail, office, or creative studios. The high-traffic location on SE Foster Road, combined with ample on-street parking, provides excellent exposure and accessibility. The asking price is $825,000, translating to $260.50 per square foot. This owner-occupied property offers a compelling blend of prime location, modern updates, and flexible zoning, making it an attractive investment for discerning buyers. The property's strong performance and versatile nature make it a truly exceptional opportunity in the vibrant Portland market.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1949
    Total area 3,167 SF
    Lot 0.07 ac (3,180 SF)
    Zoning code CG
    APN 1S2E07DD 17000
    UPID US71-0328787
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Artistic Taxidermy Studio Taxidermist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $746k
    Blend (final) Blend
    $745k
    Owner & transaction history
    Garret E Heying · 11 yrs held
    Garret E Heying
    since 2014
    6 recorded transactions
    2019
    2014
    2009
    $272,000
    2008
    1989
    $75,000
    1969
    Zoning & alternative use
    CG · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $965,000 +6.6%
    Medical building $955,000 +5.4%
    Office building $915,000 +0.9%
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    More about this property
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