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Listed by Keller Williams Realty Professionals
$2,800,000
Est. payment /mo
0.71 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 586326525
HOA Y/N No
Annual Tax Amount $21,604
Lot Size 0.710 Acres
Property Sub-Type Mixed Use
Property Description
Prime investment opportunity along NE Sandy Blvd, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. This property is currently an operating 24-unit motel which spans multiple buildings and includes an on-site office paired with a spacious 4-bedroom, 2-bath manager's residence - ideal for owner-operators seeking operational efficiency or investors looking to generate additional rental income.The office/residence features a well-designed layout with a generous kitchen that opens to the main living area, a primary bedroom on the main level, and additional living space on the lower floor. Its configuration supports multigenerational living, extended-stay occupancy, or flexible use depending on ownership needs. Floor plans available upon request.Strategically positioned along a corridor undergoing significant infrastructure upgrades and long-term mixed-use redevelopment, the property stands to benefit from continued neighborhood growth and future value appreciation.With close proximity to Portland International Airport, I-205, and key retail and service amenities, this asset is well suited for continued motel operations or a value-add repositioning strategy. Financials available upon request. Buyer to perform all due diligence. See developers package attached.
Location
State OR
County Multnomah
Area _142
Zoning CE
Exterior
Utilities Available CableConnected, ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected
Garage No
Building
Lot Description On Busline, Public Road
Schools
Elementary Schools Prescott
Middle Schools Parkrose
High Schools Parkrose
Others
Acceptable Financing Cash
Listing Terms Cash
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NEARBY SCHOOLS & PROPERTIES
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Corbin & Vollstedt Group
Owner/Admin | License ID: 200812045
Owner/Admin License ID: 200812045