16501 Division StPortland, OR 97236

Property Details for 16501 Division St

Year built

1997

Lot size

11.76 AC

Property size (Sq ft)

62,400 SF

Property type

Theaters & concert halls

Property subtype

Retail properties

Description

This vacant, 62,400-square-foot movie theater building in Portland, Oregon presents a compelling redevelopment opportunity. Located at 16501 SE Division St, 97236, this property sits on an expansive 11.76-acre lot and boasts excellent visibility in a high-traffic commercial area at the intersection of SE 162nd Avenue and SE Division Street. Built in 1997, the building is zoned CE and offers abundant parking with access from SE Division St, SE 162nd Ave, and SE 166th Pl. The asking price is $7,800,000, translating to $125 per square foot. Its prime location is adjacent to the Division Crossing Shopping Center, home to national retailers such as Ross Dress for Less, Ace Hardware, Auto Zone, Burgerville, and Subway, ensuring a strong trade area. The property's location within Portland's Enterprise Zone may offer additional economic incentives. This large-format building presents significant potential for various redevelopment projects, capitalizing on its size, location, and existing infrastructure. The property is currently vacant, allowing for immediate development commencement.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5057

Longitude

-122.493

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