Capacity Commercial Group is pleased to exclusively present for sale the Montavilla Broadway Cannabis Market at 8028 SE Stark Street. The 5,000 SF building has everything an investor could want - an excellent location, class A retail tenant improvements, a low asking price per SF and sustainable rent. The newly signed five year NNN lease with options ensures long term stability with tenant Broadway Cannabis Market, which has a strong track record of success in leased buildings throughout the Portland area since its inception in 2019.
The site features flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily and office. Situated in the heart of SE Portland Oregon’s Montavilla Neighborhood, this site is the only dispensary serving the high foot traffic Stark Street corridor between SE 82nd and Mt. Tabor. The building has the ability to be completely open with one row of columns and several stories of multifamily housing may be added above the existing structure.
Property Overview:
Address 8028 SE Stark St, Portland, OR 97215
Asset Type: Retail Building
Property Zoning Commercial Mixed Use 2 (CM2)
Building Size: 5,000 SF
Parcel ID: R332498
Use Type: Dispensary
Sale Price: $1,100,000