6030-6050 SE Division St - Storefront Retail/Office FOR SALE


Portland, OR 97206- South Tabor
$2,335,000 USD
503-210-4068
6030-6050 SE Division St, Portland, OR for Sale
$2,335,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 6.5% Cap Rate

6030-6050 SE Division St
Portland, OR 97206
South Tabor


HIGHLIGHTS

  • Three-tenant retail offering fully occupied by service-oriented tenants.
  • Rare off-street parking lot with approximately 20 dedicated parking spaces.
  • Each tenant is on a passive NNN lease structure with contractual rent increases.
  • Frontage on SE Division St, a primary retail thoroughfare that sees over 18,000 vehicles per day.
  • Ultra-low submarket vacancy of 1.3% for retail properties within a 1-mile radius. (Per Costar, as of 6/30/25).
  • Current ownership has made extensive capital improvements to the Property, including a new TPO Roof in December of 2023.

OVERVIEW

This fully occupied, three-tenant retail center presents a stabilized investment opportunity in one of Portland’s most high-income neighborhoods. Each tenant operates under a passive NNN lease structure with built-in rental increases, offering investors secure income with minimal management responsibilities. The Property benefits from a rare off-street parking lot with approximately 20 dedicated spaces—an uncommon amenity in this dense urban corridor. Positioned along SE Division Street, a key arterial with over 18,000 vehicles per day, the site enjoys excellent visibility and accessibility. The surrounding area boasts an ultra-low retail vacancy rate of less than 2% within a one-mile radius, underscoring strong tenant demand. Backed by recent capital improvements, including a new TPO roof installed in December 2023, the asset is well-positioned for long-term durability. The Mount Tabor neighborhood features exceptional demographics, with average household incomes exceeding $147,000 within a half-mile and median home values of approximately $800,000—approximately 87% above the national median—reflecting the area’s affluence and desirability.

FOR SALE DETAILS

PRICE

$2,335,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,437 SF

ZONING

CS

APN/PARCEL ID

R179242,R179250

ASK ABOUT THIS PROPERTY

Michael KapnickNorthmarqMore Info
503-210-4068

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Michael KapnickNorthmarqMore Info
503-210-4068

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