OR > Portland
Portland, OR 97236,16721 SE DIVISION ST
Portland, OR 97236,16721 SE DIVISION ST
Portland, OR 97236,16721 SE DIVISION ST
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Listed by RE/MAX Equity Group
$1,500,000
Est. payment /mo
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6,810 SqFt
New

16721 SE DIVISION ST Portland, OR 97236

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,810 sqft

Price per Sqft $220

MLS Listing ID 437890026

Year Built 1947

Annual Tax Amount $5,273

Tax Year 2024

Lot Size 1.100 Acres

Property Sub-Type Commercial

Property Description

16721 SE Division Street presents a compelling redevelopment opportunity in Portland's growing eastern corridor. This 1.10-acre commercial site currently hosts a vacant restaurant, a vacant warehouse building, and a vacant residential structure, providing a substantial potential for repositioning or full redevelopment.The property sits in a high-traffic retail corridor with excellent visibility and accessibility. Located within Portland's Mall 205 Submarket, the site benefits from strong traffic counts averaging over 30,000 vehicles per day and is situated among major retailers including Ross, Rite Aid, and Regal Cinemas in the immediate vicinity.With CN2 (Neighborhood Commercial) zoning, the property allows for a wide range of potential commercial uses and development scenarios. The increasing property values in East Portland and the site's strategic location position this offering as an attractive investment for developers, investors, and owner-users seeking value-add opportunities in a growing Portland submarket.

Location

State OR

County Multnomah

Area _143

Zoning CN2

Interior

Heating Other

Exterior

Garage No

Building

Story 1

Sewer Public Sewer

Water Other

Level or Stories 1

Others

Acceptable Financing Cash, Conventional, FHA, Other

Listing Terms Cash, Conventional, FHA, Other

Regional Multiple Listing Service (RMLS)

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agent

Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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