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421 NE Burnside Rd

Gresham, OR 97030
  • $3,500,000
  • STATUS: Active
  • MLS #: 649165861
UPDATED: 54 min ago
$3,500,000
  • 0
    BEDS
  • 1.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,500
    SQFT
  • $226
    $/SQFT
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

This well established, well maintained, and fully leased multi-tenant commercial property in Gresham, OR offers a strong investment opportunity. Featuring 7 fully leased spaces, the property is home to a diverse mix of tenants: Retail, PersonalServices, and Food Services. Cascadia Center is located in a highly visible location along NE Burnside Road, a main Gresham throughway. Gresham High School, Les Schwab, Rivermark Bank, Auto Zone, and Goodwill, along with many popular fast food and food service businesses, surround the Cascadia Center complex. Travelers to Mt. Hood and Central Oregon use NE Burnside Rd. to reach their destinations. To the North is a large residential neighborhood.This location truly captures both local and commuter traffic.There are 37 parking spacesfronting CascadiaCenter with driveway access from both NE Burnside Rd. and signaled NE Kelly Avenue. The stable rent roll offers a reliable income stream and a solid return on investment. This is a rare opportunity toown a fully leased, income generating asset in a prime location, just down the street from incoming Trader Joe's.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-24T14:56:41.537.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Reuben Bray Homes | Realty One Group Prestige and should be independently verified.
www.reubenbrayhomes.com/homes/161741040
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421 NE Burnside Rd Gresham, OR 97030

  • Price: $3,500,000
  • Status: Active
  • On Site: Days
  • Updated: 54 min ago
  • MLS #: 649165861
0
Beds
0
Baths
0
½ Baths
1.78
Acres
15,500
SQFT
$226
$/SQFT
1978
Built
Neighborhood:
144-Gresham/Sandy/Troutdale/Corbett
County:
Multnomah
Area:
144-Gresham/Sandy/Troutdale/Corbett
Property Description
This well established, well maintained, and fully leased multi-tenant commercial property in Gresham, OR offers a strong investment opportunity. Featuring 7 fully leased spaces, the property is home to a diverse mix of tenants: Retail, PersonalServices, and Food Services. Cascadia Center is located in a highly visible location along NE Burnside Road, a main Gresham throughway. Gresham High School, Les Schwab, Rivermark Bank, Auto Zone, and Goodwill, along with many popular fast food and food service businesses, surround the Cascadia Center complex. Travelers to Mt. Hood and Central Oregon use NE Burnside Rd. to reach their destinations. To the North is a large residential neighborhood.This location truly captures both local and commuter traffic.There are 37 parking spacesfronting CascadiaCenter with driveway access from both NE Burnside Rd. and signaled NE Kelly Avenue. The stable rent roll offers a reliable income stream and a solid return on investment. This is a rare opportunity toown a fully leased, income generating asset in a prime location, just down the street from incoming Trader Joe's.
Exterior Features

Attached Garage YN No Construction Materials Wood Siding Parking Features On Site Paved Parking Total 37 Road Surface Type Paved Roof Flat Membrane Truck Door Description None View YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Bank Owned YN No Commercial Features Minimal Steps Monument Sign One Level Current Use Food Service Other Retail Existing Lease Type Years Remaining1to5 NNN Fuel Description Gas Green Certification YN No Gross Income 318426 IDXAddress Display YN Yes Listing Terms Cash Conventional Operating Expense 85588 Property Attached YN No Property Condition Existing Property Sub Type Commercial Sale Includes Building Land Sign Sewer Public Sewer Short Sale YN No Tax Annual Amount 31090.9 Tax Year 2024 Water Source Public Water Zoning DCL

Listing provided courtesy of Kohler Meyers O'Halloran Inc.: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-24T14:56:41.537.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Reuben Bray Homes | Realty One Group Prestige and should be independently verified.
 
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