4815 Division StPortland, OR 97206

Property Details for 4815 Division St

Year built

1927

Lot size

0.23 AC

Property size (Sq ft)

10,000 SF

Zone code

CS

Property type

Retail space

APN

1S2E06CD 14600

APU

1S2E06CD14600

Description

This exceptional 10,000 square foot retail building, situated on a 0.23-acre lot in Portland, Oregon's vibrant Southeast Division Street, presents a compelling investment opportunity. Currently housing five tenants, including Kindred Dog PDX, New Rose Tattoo, Portland Bicycle Emporium, and Upstairs Basement PDX, the property offers significant redevelopment potential or the chance to establish a new building. The building is classified as Class B and features a mix of month-to-month and shorter-term leases, with one 1,000 square foot vacant retail space. The asking price is $1,500,000, translating to $150 per square foot. The property's CM2 zoning allows for diverse commercial and mixed-use development. Its prime location boasts proximity to numerous established restaurants and retailers, ensuring high visibility and foot traffic. The property's address is 4815 SE Division St, Portland, OR 97206, and its APN is R168889. This is an ideal opportunity for owner-users seeking up to 6,500 square feet of space. The property's strong tenant mix and location make it a highly attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,037,502

  6.5%

  $3,726,925

  7%

  $3,460,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,853,016

  Geo Method

  $4,853,016

• Alternative Use

  Use

  Valuation

  Residential

  $3,143,800

  Hospitality

  $2,879,704

  Educational

  $2,395,880

  Medical

  $2,478,278

  Retail

  $3,726,925

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5055

Longitude

-122.613

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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