For Sale
$6,475,000

1990 Powell Blvd Gresham, OR 97080

Prime location, high-traffic auto property.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 15,850-square-foot auto dealership situated on a 4.62-acre lot in Gresham, Oregon. Located at 1990 E Powell Blvd, this single-story, 1990-built property underwent renovations in 2020. Currently vacant, the property boasts a strong lease history with a credit-rated tenant, with the lease expiring January 31, 2026. The Net Lease (NNN) agreement features a remaining term of approximately 1.2 years and a monthly rent of $30,000. The property's strong financial performance is reflected in its $360,000 Net Operating Income (NOI) and a 5.56% cap rate. The property is zoned MC (Moderate Commercial), offering flexibility for various redevelopment options. Its prime location on E Powell Blvd, a major arterial road with approximately 115,698 average daily traffic, ensures high visibility and accessibility. Proximity to several retail centers, including Powell Valley Junction and Gresham Village, further enhances its appeal. This turnkey automotive property presents a compelling investment opportunity for both owner-users and investors seeking a high-traffic, strategically located asset with significant redevelopment potential. The asking price is $6,475,000, translating to $408.52 per square foot. The property includes a first right of refusal to sale lease option.

Highlights

  • Turnkey automotive dealership on E Powell Blvd.
  • 4.62-acre lot with a 15,850 SF building for sales and service.
  • High-traffic location with ±15,698 AADT on E Powell at 3rd Street.
  • Vacant, rent through January 2026 at $30,000/month NNN.
  • Flexible MC zoning allows diverse redevelopment options.
  • Adjacent 4.44-acre, 28,297 SF automotive property also available.

Property Details for 1990 Powell Blvd

Property type
Retail properties, Auto shops
Square Feet
15,850 SF
Year Built/Renovated
1990/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
201,247 SF

Location Insight

City
Gresham
County
Multnomah
State
Oregon
Latitude
45.495562959364
Longitude
-122.41192683171

FAQs

What type of property is this?
Retail property - Prime location, high-traffic auto property.
Where is the retail property located?
The property is located at 1990 Powell Blvd Gresham, OR.
What is the asking price?
The asking price for this property is $6,475,000.
What are key features of this property?
This property features: Turnkey automotive dealership on E Powell Blvd.; 4.62-acre lot with a 15,850 SF building for sales and service.; High-traffic location with ±15,698 AADT on E Powell at 3rd Street.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1990 Powell Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message