Investment Overview

Marcus & Millichap 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.