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4434 NE Sandy Blvd 3,783 SF 100% Leased Retail Building Portland, OR 97213 $1,500,000 ($396.51/SF)
EXECUTIVE SUMMARY
1- Exceptional Visibility & Location: Positioned in a busy commercial district. 3,783 SF building sits on a 0.15-acre triangular lot, benefiting from heavy foot and vehicle traffic both day and night. Traffic counts of approximately 35,000 vehicles per day on NE Sandy BLVD. Click here for aerial video
2- Existing Rental Income & Value-Add Potential: 1,800 SF unit at 4434 NE Sandy Blvd is leased to the popular Dara Thai & Teriyaki restaurant at $3,700/month + NNN, providing a steady income stream for investors. A nearly 2,000 SF vacant space (4450 NE Sandy Blvd), previously occupied by a convenience store & later by a dispensary, offers incredible upside potential for an investor or business owner.
3- Surrounded by High-Density Residential & Retail: Less than 150 ft from The Beverly Apartments & Whole Foods Market – A prime location near high-income residents.
4- Surrounded by Major Retailers – Including New Seasons, Trader Joe’s, Safeway, Fred Meyer, and Grocery Outlet.
5- Surging Development Activity – New residential and mix-use projects are continuously bringing more customers to the area.
6- Ideal for Food, Retail, or Service Businesses: With strong demand for eateries and national retail chains nearby, this property is perfect for restaurants, cafes, or retail businesses looking to capitalize on high traffic counts.
7- Zoned CM2: Flexible CM2 Zoning allows for a wide range of commercial & mixed-use developments, making this a rare opportunity in a rapidly growing market.
2- Existing Rental Income & Value-Add Potential: 1,800 SF unit at 4434 NE Sandy Blvd is leased to the popular Dara Thai & Teriyaki restaurant at $3,700/month + NNN, providing a steady income stream for investors. A nearly 2,000 SF vacant space (4450 NE Sandy Blvd), previously occupied by a convenience store & later by a dispensary, offers incredible upside potential for an investor or business owner.
3- Surrounded by High-Density Residential & Retail: Less than 150 ft from The Beverly Apartments & Whole Foods Market – A prime location near high-income residents.
4- Surrounded by Major Retailers – Including New Seasons, Trader Joe’s, Safeway, Fred Meyer, and Grocery Outlet.
5- Surging Development Activity – New residential and mix-use projects are continuously bringing more customers to the area.
6- Ideal for Food, Retail, or Service Businesses: With strong demand for eateries and national retail chains nearby, this property is perfect for restaurants, cafes, or retail businesses looking to capitalize on high traffic counts.
7- Zoned CM2: Flexible CM2 Zoning allows for a wide range of commercial & mixed-use developments, making this a rare opportunity in a rapidly growing market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,783 SF
Building Class
C
Year Built
1947
Price
$1,500,000
Price Per SF
$396.51
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.15 AC
Zoning
CM2
Parking
8 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Teriyaki Town
- Retailer
- -
- $12.00
- Triple Net
- Nov 2013
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Teriyaki Town | Retailer | - | $12.00 | Triple Net | Nov 2013 |
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R262746 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $451,350 |
PROPERTY TAXES
Parcel Number
R262746
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$451,350
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4434 NE Sandy Blvd
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