16501 SE Division St | Portland, OR 97236
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16501 SE Division St
Portland, OR 97236
Auction - REIT Sale | Former Regal Cinemas · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $500,000 | Former Regal Cinemas | 31K VPD | 62,400 SF | 11.76 Acres | Portland | AUCTION MAY 19-21, 2025
- Located at Signalized Entrance with 31K VPD Traffic Counts and Strategic Frontage on Prime Commercial Corridor
- Attractive Demographics with 5-Mile Population of ±339,314 and Average Household Income of ±$97,071
- 62,400 SF Former Regal Cinemas on Expansive 11.76 AC Parcel in Portland, OR
- Neighboring Retail: Ross, Fred Meyer (a Kroger company), Planet Fitness, Burgerville, Little Caesars, Auto Zone, Ace Hardware
- Favorable CG, General Commercial Zoning with Flexible Uses Permitted including Retail, Motel, Office, and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Cinema
Property Size
62,400 sq ft
Costar Property Class
C
Year Built
1997
Tenancy
Single
Number of Floors
1
Plot ratio
0.12
Total Plot Size
11.76 ac
Use Class
CG, Portland - General Commercial
Parking
835 Spaces (13.38 Spaces per 1,000 sq ft Leased)
PROPERTY TAXES
| Parcel Number | R338146 | Improvements Assessment | £1,331,713 |
| Land Assessment | £3,045,677 | Total Assessment | £4,377,390 |
PROPERTY TAXES
Parcel Number
R338146
Land Assessment
£3,045,677
Improvements Assessment
£1,331,713
Total Assessment
£4,377,390
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