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3806-3848 SE Powell Blvd
Portland, OR 97202
Powell Square Shopping Ctr · Retail Property For Sale
Investment Highlights
- High visibility location at SE Powell Blvd and Caesar Chavez Blvd with traffic counts over 36,500 vehicles per day.
- Proximity to major grocers, including Safeway across the street and Trader Joe’s within walking distance.
- Easy access to core Portland business districts and major regional transportation routes.
- Anchored by a strong tenant mix including healthcare, telecommunications, fitness, and food brands.
- Surrounded by dense residential neighborhoods with strong average household incomes.
- Onsite parking supporting both quick-service and destination businesses.
Executive Summary
Powell Square offers a compelling investment opportunity in one of Southeast Portland’s most established retail corridors. Priced at $6,499,000, this 19,524-square-foot shopping center benefits from consistent daily traffic exceeding 36,500 vehicles along Powell Boulevard and Caesar Chavez Boulevard. The property is shadow-anchored by well-known grocery retailers including Safeway and Natural Grocers, with Trader Joe’s located just blocks away, enhancing its tenant draw and consumer base.
The center maintains a strong tenant mix featuring national and regional brands such as T-Mobile, Petco Unleashed, Wingstop, Supercuts, Therapydia Physical Therapy, and Providence Urgent Care. These tenants provide stability and diversify income across various service and retail categories, aligning with current consumer demand trends.
The surrounding area combines robust residential communities and excellent connectivity with proximity to Downtown Portland and regional thoroughfares. High income levels in nearby neighborhoods, along with complementary retail in the immediate trade area, position Powell Square as an asset with long-term growth potential and steady cash flow.
The center maintains a strong tenant mix featuring national and regional brands such as T-Mobile, Petco Unleashed, Wingstop, Supercuts, Therapydia Physical Therapy, and Providence Urgent Care. These tenants provide stability and diversify income across various service and retail categories, aligning with current consumer demand trends.
The surrounding area combines robust residential communities and excellent connectivity with proximity to Downtown Portland and regional thoroughfares. High income levels in nearby neighborhoods, along with complementary retail in the immediate trade area, position Powell Square as an asset with long-term growth potential and steady cash flow.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
22,210 SF
Building Class
B
Year Built
1989
Price
$6,499,000
Price Per SF
$292.62
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.83 AC
Zoning
CG
Parking
40 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
333’ on Powell Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $527,530 | Total Assessment | $2,696,820 |
Property Taxes
Parcel Numbers
Land Assessment
$527,530
Improvements Assessment
$0
Total Assessment
$2,696,820
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