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8819 Se Powell BoulevardPortland, OR 97266Price: $779,000

  • Price: $779,000
  • 215 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $779,000List Price
  • 0.27Acreage
  • 2,400Square Feet
Listed by Angela Hill of Oregon Life Homes (541-505-0076)
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Highly Visible Location, On a Corner Lot, Ready for Redevelopment. Approximately 120 feet of road frontage on SE Powell Blvd (Hwy 26) and approximately 100 ft of unobstructed road frontage on SE 89th Ave, 1/3 mile east of the 1-205 freeway. Purchase to include the fenced adjacent lot @8819 WI/SE Powell Blvd; combined lot size is 12,000 sf. This property has been the home to Teds Tool Shed for more than 30 years. The business is still open but please do not ask employees to show the property. Business name and inventory not included in sale but are negotiable as is Possible Seller Financing to Qualified Buyers with 60% down. All offers will be considered. The majority of the value is in the property and location. This could be the perfect place for your business or a new multi-family complex. With the Mixed Use Zoning it is possible to have both. You could live Where You Work. The property is within walking distance of nearby neighborhoods, long standing businesses and city transit. Portland Community College is just over a mile away and it is across the street from two medical clinics. Per the Portland Zoning website," The CM1 zone is a small-scale, commercial mixed use zone intended for sites in smaller mixed use nodes within lower density residential areas, on neighborhood corridors, and at the edges of neighborhood centers, town centers and regional centers. Buildings in this zone are generally expected to be up to three stories". Selling "As-Is", BUYER TO PERFORM ALL THEIR OWN DUE DILIGENCE. So many possibilities at this location. Feel free to call for more information or to make an appointment to see it in person.

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Based on information submitted to OR_RMLS_WEB_API as of July 13, 2024 1:13 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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