Vacant-User
16721 SE Division St
16721 SE Division St, Portland, OR 97236
Listing Price: $1,500,000
Investment Overview
INVESTMENT OVERVIEW
16721 SE Division Street presents a compelling
redevelopment opportunity in Portland's growing eastern
corridor. This 1.10-acre commercial site currently hosts a
vacant restaurant, a vacant warehouse building, and a
vacant residential structure, providing a substantial
potential for repositioning or full redevelopment.
The property sits in a high-traffic retail corridor with
excellent visibility and accessibility. Located within
Portland's Mall 205 Submarket, the site benefits from
strong traffic counts averaging over 30,000 vehicles per day
and is situated among major retailers including Ross, Rite
Aid, and Regal Cinemas in the immediate vicinity.
With CN2 (Neighborhood Commercial) zoning, the
property allows for a wide range of potential commercial
uses and development scenarios. The increasing property
values in East Portland and the site's strategic location
position this offering as an attractive investment for
developers, investors, and owner-users seeking value-add
opportunities in a growing Portland submarket.
16721 SE Division St
Investment Highlights
- STRATEGIC LOCATION • Located on high-traffic SE Division Street with over 30,000 vehicles passing daily • Excellent visibility and accessibility in Portland's eastern commercial corridor
- DEVELOPMENT POTENTIAL • CN2 (Neighborhood Commercial) zoning allows for a variety of retail, office, and mixed-use development • Large 1.10-acre (47,916 SF) flat site with dimensions of 259' x 185'
- FAVORABLE MARKET DYNAMICS • Growing population and commercial activity in East Portland • Increasing property values throughout the Mall 205 Submarket • Strong retail and commercial demand in the area
Exclusively Listed By
Listing Price: $1,500,000
Investment Highlights
- STRATEGIC LOCATION • Located on high-traffic SE Division Street with over 30,000 vehicles passing daily • Excellent visibility and accessibility in Portland's eastern commercial corridor
- DEVELOPMENT POTENTIAL • CN2 (Neighborhood Commercial) zoning allows for a variety of retail, office, and mixed-use development • Large 1.10-acre (47,916 SF) flat site with dimensions of 259' x 185'
- FAVORABLE MARKET DYNAMICS • Growing population and commercial activity in East Portland • Increasing property values throughout the Mall 205 Submarket • Strong retail and commercial demand in the area
Investment Overview
INVESTMENT OVERVIEW 16721 SE Division Street presents a compelling redevelopment opportunity in Portland's growing eastern corridor. This 1.10-acre commercial site currently hosts a vacant restaurant, a vacant warehouse building, and a vacant residential structure, providing a substantial potential for repositioning or full redevelopment. The property sits in a high-traffic retail corridor with excellent visibility and accessibility. Located within Portland's Mall 205 Submarket, the site benefits from strong traffic counts averaging over 30,000 vehicles per day and is situated among major retailers including Ross, Rite Aid, and Regal Cinemas in the immediate vicinity. With CN2 (Neighborhood Commercial) zoning, the property allows for a wide range of potential commercial uses and development scenarios. The increasing property values in East Portland and the site's strategic location position this offering as an attractive investment for developers, investors, and owner-users seeking value-add opportunities in a growing Portland submarket.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
