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143 NE Elliott Ave 5,637 SF Retail Building Gresham, OR 97030 $1,399,000 ($248.18/SF) 8.06% Cap Rate
Investment Highlights
- The building was fully remodeled in 2020, providing modern finishes and updated systems for immediate use.
- The interior layout includes private offices and open workspaces, delivering flexibility for a variety of business operations.
- Surrounding amenities include retail, dining, and essential services, creating a vibrant and convenient environment for tenants and clients.
- A private parking lot offers convenient access for employees and visitors, enhancing overall functionality.
- The property is located in Gresham, Oregon, with easy access to major arterials and close proximity to Portland.
Executive Summary
-Fenced property located in Gresham’s City Central, previously used by HVAC contractor.
-Ample parking lot, lots of space for equipment/vehicles.
-Remodeled and ready for it’s new owner.
Video Tour Link(Copy&Paste):
https://youtu.be/YnvGHaHWy18
-Ample parking lot, lots of space for equipment/vehicles.
-Remodeled and ready for it’s new owner.
Video Tour Link(Copy&Paste):
https://youtu.be/YnvGHaHWy18
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,637 SF
Building Class
B
Year Built/Renovated
1949/2020
Price
$1,399,000
Price Per SF
$248.18
Cap Rate
8.06%
NOI
$112,759
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
DCC - DCC
Parking
15 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
179’ on 2nd St
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | R314086 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $411,230 |
Property Taxes
Parcel Number
R314086
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$411,230
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143 NE Elliott Ave
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