7910-7916 Division StPortland, OR 97206

For Sale
$1,390,000

Portland Mixed-Use Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property, located at 7910-7916 SE Division St, Portland, OR 97206, presents a prime investment opportunity. The 4,294 square foot building, constructed in 1966 and zoned C4, boasts two retail suites currently leased to destination stores with long-term leases (extending beyond five years) featuring 3% annual rent increases. The property also includes a three-bedroom, one-and-a-half-bathroom apartment, providing diversified income streams. Situated in Portland's vibrant Jade District, directly across from a Portland Community College campus, this location offers unparalleled visibility and accessibility. The area enjoys a Walk Score of 85 and a Transit Score of 52, benefiting from high traffic volume (25,366 vehicles per day on Division & 82nd). The property's strong performance is reflected in the 8% cap rate and 100% occupancy. The asking price is $1,390,000 ($324 per square foot). This thriving submarket shows a 13% year-over-year increase in sales volume, underscoring the significant investment potential. The Jade District's rich cultural diversity further enhances the property's appeal. This is a rare opportunity to acquire a well-positioned, high-performing mixed-use asset in a rapidly growing area of Portland.

Highlights

  • Prime mixed-use investment opportunity with two retail suites under long-term leases (5+ years, 3% annual increases) and a 3-bedroom, 1.5-bathroom apartment.
  • High-growth submarket with 13% year-over-year sales volume increase, offering excellent visibility across from Portland Community College.
  • Excellent walkability (Walk Score® 85) and transit access (Transit Score® 52), situated on a high-traffic corridor (25,366 VPD).
  • Located in the culturally diverse Jade District of Southeast Portland.

Property Details for 7910-7916 Division St

Property type
Other retail properties, Individual retail properties
Square Feet
4,294 SF
Year Built
1966

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5051145
Longitude
-122.5814896
7910-7916 Division St, Portland, Oregon

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7910-7916 Division St
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