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Executive Summary

Leased NNN multi Tenant investment in Downtown Gresham. Fully redeveloped building with great mix of Retail Storefront, restaurant, and creative office spaces.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,849 SF
Building Class
C
Year Built
1933
Price
$4,995,000
Price Per SF
$251.65
Cap Rate
7.75%
NOI
$387,113
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
8’
Building FAR
1.47
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
DDC (Retail/Office/Reside
Frontage
143’ on 3rd St

Amenities

  • Bus Line
  • Commuter Rail
  • Signage
  • Drive Thru

Sustainability

LEED Certified
Gold
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • -

Vames Wang Sosa Hood is a personal injury law firm serving clients in Oregon and Washington with a mission to provide exceptional legal representation rooted in care, accessibility, and results. Built on the belief that great advocacy requires both skill and compassion, the firm is staffed by experienced attorneys, including former insurance defense lawyers, and a dedicated support team. Vames Wang Sosa Hood represents individuals injured in vehicle and pedestrian collisions, falls, dog bites, defective products, medical malpractice, and cases of sexual assault. Known for being responsive and approachable, the firm ensures clients can directly reach their attorneys by phone or email. Guided by a commitment to justice, Vames Wang Sosa Hood helps clients navigate the complexities of personal injury law and secure fair compensation against powerful insurance companies.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,675 SF
  • Retail
  • -
  • Now

The nicest salon in Gresham, fully built out for full service salon. Current owner is willing to sell the salon business/FF&E or can be leased.

  • 1st Floor
  • 1,441 SF
  • Retail
  • -
  • Now

Great Ground floor retail or office! Polished concrete floor, Exposed beams, brick accent wall, and great natural light. Includes access to shared restrooms, conference room, and kitchenette. Base rent $2,362, NNN estimated at $657 and covers all utilities.

Space Size Space Use Position Available
1st Floor 3,675 SF Retail - Now
1st Floor 1,441 SF Retail - Now

1st Floor

Size
3,675 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size
1,441 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,675 SF
Space Use Retail
Position -
Available Now

The nicest salon in Gresham, fully built out for full service salon. Current owner is willing to sell the salon business/FF&E or can be leased.

1st Floor

Size 1,441 SF
Space Use Retail
Position -
Available Now

Great Ground floor retail or office! Polished concrete floor, Exposed beams, brick accent wall, and great natural light. Includes access to shared restrooms, conference room, and kitchenette. Base rent $2,362, NNN estimated at $657 and covers all utilities.

Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100

Nearby Major Retailers

U.S. Bank
Wells Fargo Home Mortgage
Snap Fitness 24/7
Orangetheory Fitness
Dotty's
Black Rock Coffee Bar
Bank of America
Elmer's
Red Robin
Black Bear Diner

Property Taxes

Property Taxes

Parcel Number
R258102
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,180,820
  • Listing ID: 41539713

  • Date on Market: 8/4/2026

  • Last Updated:

  • Address: 124-138 NE 3rd St, Gresham, OR 97030

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