1831 E Powell Blvd - Freestanding FOR SALE


Gresham, OR 97080- Mt Hood
$2,450,000 USD
425-233-9522
1831 E Powell Blvd, Gresham, OR for Sale
$2,450,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

1831 E Powell Blvd
Gresham, OR 97080
Mt Hood


HIGHLIGHTS

  • Owner/User or Value-Add Opportunity | Market-Rate Lease-Up Upside
  • High-Visibility Hard Corner Location (26,000+ VPD) with Dedicated Left Turn Lane and Easy Ingress/Egress
  • Strategic Regional Connectivity | I-84 and I-205 Access
  • In Place Income and Upside from Billboard
  • Flexible Moderate Commercial (MC) Zoning with Long-Term Redevelopment Potential
  • Well Maintained Property

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the former Miller Paint in Gresham, OR, an owner/user or value-add investor opportunity. The property features a 9,800 SF commercial building on 1.13 acres with an open layout including retail and warehouse space and in-place income from a leased billboard sign. The building has been well maintained with upgrades over the past several years including roof overlay and new HVAC unit. It is located on the hard corner of E Powell Blvd/Hwy 26 (23,000+ VPD) and SE 1st Street (3,000+ VPD), adjacent to SE Burnside Rd (36,000+ VPD), with excellent visibility, a dedicated left turn lane, and multiple points of ingress/egress. The billboard features ongoing 5-year terms, with a renegotiation window at the end of 2026. The property benefits from being surrounded by national retailers including Fred Meyer, Walmart, Winco Foods, Trader Joe's, NAPA Auto Parts, Subaru, Ford, Hertz, O'Reilly Auto Parts, Sherwin-Williams, Michaels, and Chick-fil-A, driving consistent consumer traffic. There is convenient access to I-84 and I-205, supporting strong regional draw throughout Gresham and the greater Portland-Vancouver MSA. Currently vacant, the property offers lease-up opportunity with market rents approximately $18/SF–$21/SF + NNN. The property features flexible MC zoning permitting retail, service, office, and general commercial uses, with multi-family housing allowed as a secondary use, providing long-term redevelopment potential. The area demographics are strong, with nearly 180,000 people within a 5-mile radius and average household incomes exceeding $95,000.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Miller Paint - Gresham

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Health Club, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,677 SF

ZONING

MC

APN/PARCEL ID

R339470

ASK ABOUT THIS PROPERTY

Trevor LaneMarcus & MillichapMore Info
425-233-9522

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Trevor LaneMarcus & MillichapMore Info
425-233-9522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.