12409 SE Division St Local commercial 663 m² À vendre Portland, OR 97236 1 980 438 € (2 985,61 €/m²)

Offered at $2,300,000, this leased retail investment property presents an opportunity to acquire an established commercial asset along one of East Portland’s most traveled arterial corridors. The property is positioned at the intersection of SE Division Street and SE 124th Avenue, providing prominent visibility, multiple points of access, and exposure to consistent local and commuter traffic. The CM2 zoning designation supports a broad range of commercial uses and contributes to the property's long-term flexibility and redevelopment potential.
The building contains 7,140 square feet and is leased through April 2027, providing near-term income stability while allowing investors time to evaluate future strategies. Property improvements include two HVAC units, with replacements completed in 2018 and 2025, helping reduce anticipated capital expenditures. The site also offers 20 parking spaces, supporting customer convenience and operational functionality.
The surrounding area is characterized by a mix of neighborhood-serving retail, service businesses, residential communities, and commercial activity along the Division Street corridor. Convenient access to major east-west transportation routes enhances connectivity throughout Portland's metropolitan area and supports continued consumer traffic. Investors seeking a stabilized retail asset with in-place tenancy, visible frontage, and a well-established commercial location will find a compelling opportunity in this offering.