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Former Bank in Gresham 110 NE Roberts Ave

10,981 SF Retail Building Gresham, OR 97030 £1,486,655 (£135/SF)

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Investment Highlights

“As-Is, Where-Is” Condition

Executive Summary

10,981 SF Freestanding Former Bank Building in Gresham, OR
Prime Opportunity: Owner-User / Investor / Development
Opportunity to acquire a former bank building with drive thru and parking on 3 separate parcels totaling .87 ACs. The property has potential for an owner/user, investment, or development use. The DCC-zoning allows for a variety of uses including retail, housing, medical and office. Located a block off Powell Blvd in Downtown Gresham.
Please Do Not Disturb the Current Operator.
0.87 Total AC on 2 Parcels
Zoning: DCC (Downtown Commercial Core)
Sale Price: $2,010,000
“As-Is, Where-Is” Condition

110 NE Roberts Flyer

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Bank

Building Size

10,981 SF

Building Class

Year Built

1942

Price

£1,486,655

Price Per SF

£135

Tenancy

Single

Number of Floors

Building FAR

0.29

Lot Size

0.87 AC

Opportunity Zone

Yes

Zoning

DCC - allows for a wide variety of uses including housing, retail, medical, live/work, education and many others.

Parking

40 Spaces (3.64 Spaces per 1,000 SF Leased)

Frontage

161 ft on Roberts Ave

MAJOR TENANTS

Finance and Insurance
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Wells Fargo is a leading global financial services company headquartered in San Francisco with hub offices in major cities across the United States. They are proud to serve many households and many of small businesses in the U.S. They provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through their reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo has office locations across the world to help their business customers succeed on an international scale. Outside of the U.S., they focus on providing banking services for large corporate, government and financial institution clients. They have worldwide expertise and services to help their customers improve earnings, manage risk, and develop opportunities in the global marketplace.