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33872222
33872219

1294 E Powell Blvd, Gresham, OR 97030

$1,350,000
6 days on market
Updated 0 days ago

1294 E Powell Blvd

Details
APN R270055
Property Type Retail, Industrial (+1)
Sub Type Distribution, Church (+1)
Square Footage 7,540
Cap Rate 4.22%
NOI $57,000
Occupancy 100%
Tenancy Vacant
Lease Type NNN
Rent Bumps Yes
Lease Options Negotiable
Pro-Forma Cap Rate 5.04%
Pro-Forma NOI $68,000
Price per SqFt $179
Class A
Year Built 1986
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.510
Zoning DCC
Parking Spaces 25 spaces
Parking Per SqFt 3.32
Investment Type Sale/Leaseback
Ground Lease No
Ceiling Height 21
Dock High Doors 1
Sale Condition For sale by owner

Retail | 4.22% CAP | 7,540 SqFt

Marketing description

1294 E Powell Blvd Gresham Just West of Hogan and East of Cleveland on South side of Powell Blvd.

Well-maintained tilt-up concrete commercial building on a 0.51-acre lot with high visibility and excellent exposure along East Powell Blvd. New roof installed in late 2019 with full new insulation. Features a large lobby, two private offices, two bathrooms, and one oversized fully finished room perfect for retail/showroom, office, or flex use. Ample warehouse space with 20'+ ceiling height, updated lighting throughout, and one large roll-up door. Great owner-user or investment opportunity in a high-traffic location just West of Hogan with easy I-205, 84 access.

Investment highlights

Prime Location: Highway 26 also known as Powell blvd with high daily traffic exposure.

Flexible Zoning: Mixed-use possibilities—ideal for retail, industrial, or multifamily synergy.

Versatile Space: Nearly 8,000 sq ft with a proven track record of diverse tenants (police training, daycare, martial arts, more!).

Standalone Concrete Building: Durable construction on a quarter-acre lot, ample parking included.

Income Potential: Leverage the mixed-use zoning for steady cash flow or future expansion.

The property is in a strong trade area with over 100,000 people in a three-mile radius, and it’s available both for sale, around $1.35 million, or for lease.

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$57,000.00
$4,750.00/mo

Valuation Metrics

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DSCR
4.22%
Cap Rate
4.22%
ROI

Map

Zoning

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DCL CommercialCore CommercialDowntown Commercial Low Rise
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View all 49 uses
View all 49 uses
Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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