13511 Division StPortland, OR 97236

For Sale
$1,525,000

Portland retail strip, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Recently renovated with new exterior paint, parking lot, and fencing.
  • Offered significantly below replacement cost at $194 per square foot.
  • 51% occupancy with month-to-month tenants presents owner-user opportunities.
  • High-visibility corner location at SE Division and 122nd, boasting 41,805 vehicles per day.
  • Well-maintained building with owner-occupied history spanning over 50 years, featuring additions in 2001 and 2015.
  • Excellent location near Marketplace 205 and strong residential demographics.

Property Details for 13511 Division St

Property type
Other retail properties, Individual retail properties
Square Feet
7,868 SF
Year Built/Renovated
1972/2001

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.504449944923
Longitude
-122.52469589879
13511 Division St, Portland, Oregon

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13511 Division St
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