8701 Powell BlvdPortland, OR 97266

For Sale
$990,000

Prime Portland location, dispensary-approved!

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 3,500 square foot retail space, located at 8701 SE Powell Blvd in Portland, Oregon, presents a unique investment opportunity. Situated in Multnomah County (zip code 97266), this property boasts a prime location with high traffic volume. The building, constructed 40 years ago and extensively renovated just 3 years ago, offers a single-story, 3,000 square foot structure with an additional 500 square feet of rentable space. Currently zoned CR, the property is already approved for use as a dispensary and has a history as a restaurant/bar. Key features include a walk-in cooler and a covered patio, adding significant value and versatility. The asking price is $990,000, translating to $330 per square foot. Ten parking spaces are available on-site. The sale includes a 100% ownership stake and the existing Oregon Liquor Control Commission (OLCC) retail cannabis license. This owner-user opportunity is perfect for an entrepreneur seeking a turn-key operation in a high-demand area. The seller is willing to finance a portion of the purchase. Don't miss this chance to acquire a thriving business in a bustling Portland neighborhood.

Property Details for 8701 Powell Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
3,000 SF
Year Built/Renovated
40/3
Buildings
1
Stories
1

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.497734149461
Longitude
-122.57315768622
8701 Powell Blvd, Portland, Oregon

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8701 Powell Blvd
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