11807 Sandy BlvdPortland, OR 97220

Property Details for 11807 Sandy Blvd

Year built

1963

Lot size

0.49 AC

Property size (Sq ft)

1,271 SF

Zone code

CGH

Property type

Turn key restaurants

APN

1N2E22AD 00100

APU

1N2E22AD00100

Description

This exceptional 0.95-acre commercial land parcel in Portland, Oregon, presents a unique investment opportunity. Located at 11807 NE Sandy Blvd, in Multnomah County, zip code 97220 (45.5578128, -122.5409936), this property consists of two tax lots totaling .95 acres. The east lot, measuring 0.43 acres, is fully fenced, while the west lot encompasses 0.52 acres. The property boasts excellent street exposure with high traffic counts, making it ideal for a variety of commercial ventures. The land is zoned CE - Commercial Employment, allowing for diverse uses. Potential development options include, but are not limited to, a food cart pod on the east lot, a drive-thru establishment on the west lot, automotive or light industrial uses, or a mini-storage facility. The asking price for this strategically located and versatile property is $1,500,000. This is a rare opportunity to acquire a significant commercial land holding in a thriving Portland location with high visibility and diverse development potential. The property's size and zoning provide considerable flexibility for a wide range of commercial uses, making it an attractive investment for both developers and entrepreneurs.

• CAP approach

  CAP return

  Valuation

  6%

  $411,393

  6.5%

  $379,748

  7%

  $352,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,560

  Geo Method

  $254,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $753,845

  Mixed-Use / Specialty

  $373,019

  Hospitality / Lodging

  $266,674

  Office

  $365,205

  Institutional / Educational

  $385,868

  Residential Income

  $451,466

  Multifamily

  $571,260

  Automotive / Energy

  $330,744

  Parking / Income-Based Land

  $119,446

  Restaurant / Food Service

  $182,539

  Healthcare / Senior Housing

  $388,036

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5577

Longitude

-122.54

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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