Commercial for Sale: 2975 SANDY BLVD, Portland, OR 97232

6,000 sqft
$2,850,000
$2,850,000
2975 SANDY BLVD, Portland, OR 97232
6,000 sqft
$2,850,000
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Price:
$2,850,000

Type Commercial
Square Feet 6,000 sqft
Lot Size 0.19 acres
Year Built 1928
Taxes Paid $15,912

City Portland
Area 142 - Portland Northeast
County Multnomah

MLS 24029427
Status Active
DOM 90 days
With an exceptional location, the property is a multi-tenant retail warehouse building containing 19,500 SF of Retail and Basement space on a 20,000 SF site. 20 on-site parking spaces make this a very accessible location. Building is in excellent condition with heavy timber beams, and concrete block construction. Updated HVAC and new gas furnace.Zoned CM3 this site has excellent future development potential as well as providing an owner/user opportunity, or NNN leasing opportunity. Renovations were completed in 2019. The property features 9,000 SF of first-floor retail space, 6,000 SF of upper floor (3000 sqft. zoned retail and a large, unconditioned storage area with industrial window and a maple floor, and 4,500 SF of basement warehouse/limited office space.The current main floor tenant has purchased another property and intends to move out September of 2025. (Currently paying $6000/mo.) The daylight basement is available for lease as of October, 2024, and the upstairs space is currently available for lease. There is a billboard on the east side of the building which is leased @ just over $1000/mo.$142.50/sqft. for the CM3 Land itself.NE Sandy has gone through transformation which has seen the redevelopment of a number of projects. Redevelopment includes the overhaul of existing properties to transform retail uses with street frontage, in addition to complete ground-up development of mixed-use projects along the arterial, as discussed later in this section. The buildings are located within a commercial corridor with primarily commercial uses along NE Sandy in this area. There are flex and industrial users with minor frontage pocketed to the west. Excellent potential for Mixed-Use Residential/Commercial development.

Lot & Building Features

Construction Block, Full Basement, Concrete
Cooling Central Air
Heating Forced Air - 95+%
Parking Description Off Street
Sewer Public Sewer
Water Public Water

Price History of 2975 SANDY BLVD, Portland, OR

Date Name Price Difference
08/27/2024 Listing Price $2,850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2975 SANDY BLVD, Portland, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by RealEstatePDX.com, Harlan Mayer
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20%
0.55835052631579%
6.75%
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2975 SANDY BLVD (MLS #24029427) is a commercial listing located in Portland, OR. This commercial listing is 6,000 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 96 years old. This property was listed on 08/27/2024 and has been priced for sale at $2,850,000.

Nearby zip codes are 97212, 97213, 97214, 97215 and 97224. This property neighbors other cities such as Unknown.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RealEstatePDX.com

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.