Portland, OR 97266,8658 SE DIVISION ST
Portland, OR 97266,8658 SE DIVISION ST
Portland, OR 97266,8658 SE DIVISION ST
Portland, OR 97266,8658 SE DIVISION ST
Portland, OR 97266,8658 SE DIVISION ST
Portland, OR 97266,8658 SE DIVISION ST
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Listed by Mal & Seitz
Bought with Mal & Seitz

$60,000

$700,000

91.4%
Est.Price: ?

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Est. payment /mo

2,804 SqFt


SOLD DATE : 05/23/2024

Key Details

Sold Price $60,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,804 sqft

Price per Sqft $21

MLS Listing ID 24203497

Sold Date 05/23/24

Year Built 1933

Annual Tax Amount $4,730

Tax Year 2023

Lot Size 7,840 Sqft

Property Description

Opportunity abounds with this property located in SE Portland's JADE DISTRICT, one of our city's most diverse neighborhoods. Great set up for automotive sales/repair shop or more. Purchase of adjacent lot @2525 SE 87th Ave. 2 bed/1 bath house can be an added option for more parking, rental unit etc. Total combined lot size is 12,980 SF. Zoned CM2. Per PDX Maps & Zoning..."The CM2 zone is a medium-scale, commercial mixed-use zone intended for sites in a variety of centers and corridors, in other mixed-use areas that are well served by frequent transit, or within larger areas zoned for multi-dwelling development. Buildings in this zone are generally expected to be up to four stories, except in locations where bonuses allow up to five stories." BUYER TO PERFORM OWN DUE DILIGENCE. Seller will need to negotiate a 60 day possession after closing while continuing to sell inventory in order to clear out and enjoy his retirement. Hoist and other trade equipment can be written into contract, depending on Offer and terms... The JADE DISTRICT is notable for its bustling cultural hub. This property is right in the center of a variety of well-established shops, community services and local restaurants, with PCC just five blocks away. The heavy traffic exposure enhances the value of this location. Public transit is just 25' from the property and with the convenient proximity and easy access to I-205, this an ideal corner of SE Division St for business, housing and more. Sign is included with sale. SELLER HAS COMPLETED BOTH PHASE I & PHASE II ENVIRONMENTAL SITE ASSESSMENTS AND RECEIVED AN "ALL CLEAR, NO FURTHER ACION REQUIRED" FROM DEQ. Call for an appointment.

Location

State OR

County Multnomah

Area _143

Zoning CM2

Interior

Heating Forced Air

Exterior

Roof Type Flat,TarGravel

Parking Type On Site, On Street

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Others

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

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Regional Multiple Listing Service (RMLS)
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+1(503) 997-7870

todd@toddgundersonhomes.com

4660 NE 77th Ave Suite 309, Vancouver, WA, 98662

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