8431 45Th PlPortland, OR 97222

For Sale
$955,000

Prime retail center, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,110 square foot shopping center ideally situated at 8431 & 8441 SE 45th Place in Portland, Oregon, within Multnomah County (zip code 97222). The property boasts a generous 12,670 square foot lot and is zoned CE Commercial Employment, offering considerable flexibility for future development. Permitted uses include retail, office, and even residential, providing a diverse range of potential income streams. The property's strategic location near Johnson Creek Boulevard ensures excellent visibility and accessibility, further enhanced by its position on a signalized corner. Currently, the center houses tenants on month-to-month leases, presenting an immediate opportunity to increase rental income by leveraging below-market rents. The asking price for this well-positioned and versatile property is $955,000. This represents a compelling investment prospect for those seeking a strong return in a thriving Portland market. The property's diverse zoning and prime location make it an attractive option for both seasoned investors and those new to commercial real estate. Don't miss this chance to acquire a valuable asset with significant upside potential.

Highlights

  • Commercial Employment (CE) zoning permits retail, office, and residential uses.
  • Prime location near Johnson Creek Boulevard.
  • High visibility corner lot with traffic signal.
  • Existing tenants on month-to-month leases offer below-market rent potential.

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.4623617
Longitude
-122.6167246
8431 45Th Pl, Portland, Oregon

FAQs

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8431 45Th Pl
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