- ADDRESS:
- 2975 NE SANDY BLVD Portland, OR 97232
- VIDEOS:
- Print this Listing
- Price:
- $2,850,000
- Ft²:
- 6000
- Acres:
- 0.19
- MLS#:
- 24029427
- Lot Size:
- 20,000 SqFt to .99 Acres
- Zone:
- CM3
- County:
- Multnomah
- Yr Built:
- 1928
- Status:
- Active
- Heat:
- Forced Air - 95+%
- Roof:
- Membrane
- Area:
- Portland Northeast
- Courtesy of:
- RealEstatePDX.com
- Remarks:
- 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.