154 Festival DrEl Paso, TX 79912

Property Details for 154 Festival Dr

Year built

2004

Construction

WOOD

Lot size

0.82 AC

Property size (Sq ft)

1,290 SF

Zone code

C3S

Property type

Commercial real estate

APN

M344-999-0300-0255

APU

M34499903000255

Description

Invest in this thriving Gresham, Oregon retail center, Gresham Town Fair. This multi-tenant property boasts a total of 264,634 square feet, offering a diverse range of spaces to suit various business needs. Currently, there are eight suites available, with sizes ranging from a minimum of 1,130 square feet to a maximum contiguous space of 14,910 square feet. A significant 41,417 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The property features ample parking with 1266 spaces to accommodate customers and employees. Located in Multnomah County, this retail center benefits from exceptional accessibility, being within walking distance of Portland's MAX Light Rail, a transit system carrying over 127,000 daily riders and providing convenient access to downtown Portland. Virtual tours are available for prospective tenants to explore the property's layout and potential. This is an exceptional opportunity to secure retail space in a high-traffic, well-connected location. Contact us today to learn more about leasing opportunities and explore the potential of this vibrant retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $144,861

  6.5%

  $133,718

  7%

  $124,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,656

  Geo Method

  $214,656

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $261,642

  Retail / Commercial

  $134,485

  Mixed-Use / Specialty

  $134,255

  Hospitality / Lodging

  $98,823.80

  Office

  $133,718

  Institutional / Educational

  $139,661

  Residential Income

  $163,403

  Multifamily

  $194,593

  Automotive / Energy

  $119,709

  Parking / Income-Based Land

  $41,063.60

  Restaurant / Food Service

  $70,359.80

  Healthcare / Senior Housing

  $137,420

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8196

Longitude

-106.513

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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