Mixed-Use

Wasco Land

10354-10360 NE Wasco St., Portland, OR 97220

Listing Price: $1,125,000

Lot Size
0.45 acres
Price/Acre
$2,500,000
Land Type
Redevelopment
Buildable Square Feet
6,400

Investment Overview

The property is currently home to the Wasco Medical-Dental Clinic, a 6,400 square foot office structure that sits at 25% occupancy. The two-story building (plus basement) was constructed in 1971 and is built out primarily for dental office use. The structure has a considerable number of deferred maintenance items, including roof and major systems, but is potentially available for sale to an owner/user or investor in lieu of a development transaction.

This site is excellently located in a major retail pocket and transit thoroughfare. Neighboring retailers include Winco Foods, Fred Meyer, and Gateway Shopping Center, home to Kohls, Office Depot, Ross Dress for Less, Applebees, Starbucks, KeyBank, Carls Jr., and more. It sits adjacent to Gateway Discovery Park, one of Portlands newest park projects boasting 3.2 acres of urban plaza, green spaces, childrens playground, skate course, and picnic area. This property is one block from Halsey 106, a near complete six-story mixed-use project from Gerding Edlen consisting of over 70 residential units.

The Wasco Street site sits in the heart of the Gateway district within the Hazelwood neighborhood. Hazelwood is among the largest neighborhoods in Portland, and is third most populated with over 23,000 people in over 9,000 households. It has easy access to freeways, transit stations, and bike paths. Hazelwood includes most of the Gateway Urban Renewal Area (658.5 acres), Gateway Transit Center (served by three light rail lines and six bus lines), the Mall 205 Shopping Center, and Adventist Medical Center which is the largest employer in the area. The neighborhood has more than 800 businesses with over 15,000 employees. Hazelwood offers quiet, tree-lined residential streets in the midst of several high-traffic corridors such as Burnside Street and 122nd Avenue, and plenty of city parks including Knott City Park, Hancock Park, and Merrifield City Park.

Investment Highlights

  • Multitude of development projects underway
  • Subject Land located in a major retail pocket
  • Subject Land located in the Gateway Urban Renewal Area

Exclusively Listed By

Listing Price: $1,125,000

Lot Size
0.45 acres
Price/Acre
$2,500,000
Land Type
Redevelopment
Buildable Square Feet
6,400

Investment Highlights

  • Multitude of development projects underway
  • Subject Land located in a major retail pocket
  • Subject Land located in the Gateway Urban Renewal Area

Investment Overview

The property is currently home to the Wasco Medical-Dental Clinic, a 6,400 square foot office structure that sits at 25% occupancy. The two-story building (plus basement) was constructed in 1971 and is built out primarily for dental office use. The structure has a considerable number of deferred maintenance items, including roof and major systems, but is potentially available for sale to an owner/user or investor in lieu of a development transaction.

This site is excellently located in a major retail pocket and transit thoroughfare. Neighboring retailers include Winco Foods, Fred Meyer, and Gateway Shopping Center, home to Kohls, Office Depot, Ross Dress for Less, Applebees, Starbucks, KeyBank, Carls Jr., and more. It sits adjacent to Gateway Discovery Park, one of Portlands newest park projects boasting 3.2 acres of urban plaza, green spaces, childrens playground, skate course, and picnic area. This property is one block from Halsey 106, a near complete six-story mixed-use project from Gerding Edlen consisting of over 70 residential units.

The Wasco Street site sits in the heart of the Gateway district within the Hazelwood neighborhood. Hazelwood is among the largest neighborhoods in Portland, and is third most populated with over 23,000 people in over 9,000 households. It has easy access to freeways, transit stations, and bike paths. Hazelwood includes most of the Gateway Urban Renewal Area (658.5 acres), Gateway Transit Center (served by three light rail lines and six bus lines), the Mall 205 Shopping Center, and Adventist Medical Center which is the largest employer in the area. The neighborhood has more than 800 businesses with over 15,000 employees. Hazelwood offers quiet, tree-lined residential streets in the midst of several high-traffic corridors such as Burnside Street and 122nd Avenue, and plenty of city parks including Knott City Park, Hancock Park, and Merrifield City Park.

Exclusively Listed By

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