2937 E Burnside St
Portland, OR 97214
Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale the mixed-use property located at 2937 East Burnside Street in Southeast Portland, Oregon. This retail / residential property consists of approximately 4,453 square feet of gross leasable area situated on a 5,000 square foot parcel of land zoned CM2 – Commercial Mixed-Use 2. Seller carry financing available. The retail structure with frontage on Burnside is approximately 1,025 square feet. The space is currently leased to St./U/dio PDX, which is a yoga studio. They began leasing the property in 2017, and their lease expires at the end of July 2022. They have two 1-year options to renew with 3% annual escalations. The house behind the retail suite is approximately 2,778 square feet, which consists of four bedrooms, 1 bathroom, and a full basement with separate entry. There is off-street parking. The house is currently leased until the end of June 2020. The garage to the Northeast of the house consists of approximately 650 square feet of gross leasable area. The garage is currently vacant, but was previously occupied by a photographer on a gross lease at a rate of $400 per month.