18400 Division StGresham, OR 97030

Property Details for 18400 Division St

Property size (Sq ft)

3,628 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity in Gresham, Oregon, presents three buildings totaling 3,628 square feet situated on a substantial 58,478-square-foot lot. The property comprises two commercial buildings, built in 1960, currently generating approximately $90,000 in annual income (plus NNN) from existing leases, and a single-family residence constructed in 1954. All three structures are located on three adjacent tax lots (APN: R 3 3 8 5 4 3, R 3 3 8 6 0 5, R 3 3 8 5 5 6) and are zoned Moderate Commercial (MC), offering significant development potential. The commercial buildings sit on a paved 9,458-square-foot lot, while the single-family home occupies approximately 27,294 square feet. The property also includes a pylon sign contributing to the overall income stream. The combined 2023 property taxes for all three parcels totaled $8,619.54. This property is ideal for owner-users seeking to expand their business or developers looking to capitalize on the prime location and zoning. The large lot size and existing income stream make this a compelling investment opportunity in a thriving Gresham market. The asking price for this unique property is $1,198,000.

Location Insight

City

Gresham

County

Multnomah

State

Oregon

Latitude

45.5045

Longitude

-122.473

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