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16501 SE Division St
Portland, OR 97236
Auction - REIT Sale | Former Regal Cinemas · Retail Property For Sale
Investment Highlights
- STARTING BID $500,000 | Former Regal Cinemas | 31K VPD | 62,400 SF | 11.76 Acres | Portland | AUCTION MAY 19-21, 2025
- Located at Signalized Entrance with 31K VPD Traffic Counts and Strategic Frontage on Prime Commercial Corridor
- Attractive Demographics with 5-Mile Population of ±339,314 and Average Household Income of ±$97,071
- 62,400 SF Former Regal Cinemas on Expansive 11.76 AC Parcel in Portland, OR
- Neighboring Retail: Ross, Fred Meyer (a Kroger company), Planet Fitness, Burgerville, Little Caesars, Auto Zone, Ace Hardware
- Favorable CG, General Commercial Zoning with Flexible Uses Permitted including Retail, Motel, Office, and more
Property Facts
Property Type
Retail
Property Subtype
Movie Theater
Building Size
62,400 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
11.76 AC
Zoning
CG, Portland - General Commercial
Parking
835 Spaces (13.38 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R338146 | Improvements Assessment | $1,787,990 |
| Land Assessment | $4,089,200 | Total Assessment | $5,877,190 |
Property Taxes
Parcel Number
R338146
Land Assessment
$4,089,200
Improvements Assessment
$1,787,990
Total Assessment
$5,877,190
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