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Mt. Scott Building 20 NW 2nd St 9,200 SF 100% Leased Retail Building Gresham, OR 97030 $1,399,999 ($152.17/SF)
INVESTMENT HIGHLIGHTS
- Roof replaced in 2007
- Well maintained commercial building with one new HVAC installed
- Access and retail storefronts on the North and West side of the building
- Next to city parking lot
- Short term leases in-place
- Property taxes: $18,539.85
EXECUTIVE SUMMARY
Single story retail building with a total of 5 retail tenants on short term leases. The short-term leases in place allow for an owner/user to purchase the building or an investor to take over the upcoming lease renewals. The current annual gross income is $116,160. The property benefits from the City controlled surface parking lot along with the on-street parking around the building.
The downtown area of Gresham is very active with it's many retail and restaurant options. This property is located on NW 2nd Street just a half block west of N Main Avenue in downtown Gresham, OR.
The downtown area of Gresham is very active with it's many retail and restaurant options. This property is located on NW 2nd Street just a half block west of N Main Avenue in downtown Gresham, OR.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,200 SF
Building Class
C
Year Built
1973
Price
$1,399,999
Price Per SF
$152.17
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
DCC - Deschutes County Code
Parking
10 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
101’ on Northwest 2nd Street
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R217821 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,074,730 |
PROPERTY TAXES
Parcel Number
R217821
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,074,730
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Mt. Scott Building | 20 NW 2nd St
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