Former Bank in Gresham 110 NE Roberts Ave 10,981 SF Retail Building Gresham, OR 97030 £1,435,830 (£130.76/SF)

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

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
10,981 SF
Building Class
C
Year Built
1942
Price
£1,435,830
Price Per SF
£130.76
Tenancy
Single
Number of Floors
2
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

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • -

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.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance - - -
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (73)

NEARBY MAJOR RETAILERS

U.S. Bank
Bank of America
Wells Fargo Home Mortgage
Snap Fitness 24/7
Safeway
Dotty's
Starbucks
Orangetheory Fitness
Red Robin
Baja Fresh

PROPERTY TAXES

  • Listing ID: 29243789

  • Date on Market: 10/08/2023

  • Last Updated:

  • Address: 110 NE Roberts Ave, Gresham, OR 97030