11850 Center AvePortland, OR 97217

This exceptional 1,530 square foot retail property, located at 11850 N Center Ave in Portland, Oregon, presents a compelling investment opportunity. Built in 1974 and situated on commercially zoned land in Multnomah County (zip code 97217), the property boasts a strong lease history. Currently operating as a dispensary, the space was formerly a Rich's Cigar Shop. The current tenant is under a lease agreement expiring November 2026, with a single five-year option to renew. The monthly net rent is $8,800. The asking price for this property is $1,550,000, translating to a price per square foot of $1,013.07. This property is ideally suited for investors seeking a stable, income-generating asset in a desirable Portland location. The property's convenient location and established tenant history make it an attractive investment prospect with significant potential for future returns. The property's zoning allows for a variety of commercial uses, providing flexibility for future tenants. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving market. Detailed financial information is available upon request.