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Listed by Kohler Meyers O'Halloran Inc.
$ 3,500,000
Est. payment | /mo
15,500 SqFt
$ 3,500,000
Est. payment | /mo
15,500 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,500 sqft
Price per Sqft $225
MLS Listing ID 649165861
Year Built 1978
Annual Tax Amount $31,090
Tax Year 2024
Lot Size 1.780 Acres
Property Sub-Type Commercial
Property Description
This well established, well maintained, and fully leased multi-tenant commercial property in Gresham, OR offers a strong investment opportunity. Featuring 7 fully leased spaces, the property is home to a diverse mix of tenants: Retail, PersonalServices, and Food Services. Cascadia Center is located in a highly visible location along NE Burnside Road, a main Gresham throughway. Gresham High School, Les Schwab, Rivermark Bank, Auto Zone, and Goodwill, along with many popular fast food and food service businesses, surround the Cascadia Center complex. Travelers to Mt. Hood and Central Oregon use NE Burnside Rd. to reach their destinations. To the North is a large residential neighborhood.This location truly captures both local and commuter traffic.There are 37 parking spaces fronting Cascadia Center with driveway access from both NE Burnside Rd. and signaled NE Kelly Avenue. The stable rent roll offers a reliable income stream and a solid return on investment. This is a rare opportunity toown a fully leased, income generating asset in a prime location, just down the street from incoming Trader Joe's.
Location
State OR
County Multnomah
Area _144
Zoning DCL
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Flat,Membrane
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://view.spiro.media/order/6e3ae719-f44f-4c3a-4a80-08dd405c71fe?branding=false
