This Retail Property is Off-Market.

650 NE 181st Street
Portland, OR 97230 ·

19,792 SF · Retail For Sale

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181st Center

Price N/A Property Use Type Investment
Gross Leasable Area 19,792 SF Cap Rate 8.50%
Property Type Retail Year Built 1979
Property Sub-type
Strip Center
More...
  • Neighborhood Center
Listing ID: 14634289 Date Created: 05/24/2006 Last Updated: 09/26/2006

Description

The retail center enjoys the advantages of high traffic counts, excellent visibility from 181st Avenue, and shared parking with the adjacent Rite Aid.

This offering represents an opportunity to purchase a well located retail center in the densely populated Portland suburb of Gresham. 181st Center serves the surrounding residential area, as well as a thriving industrial base along I-84 and Glisan Street.

Highlights

  • Ideal Urban Location
  • Priced Below Replacement Cost
  • Adjacent to Rite Aid
  • Proximity to Interstate 84
  • Passive Management Leases
  • Strong Demographics

Research

650 NE 181st Street, Portland, OR 97230 (Multnomah County)

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