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Listed by Keller Williams Realty Professionals

$2,700,000

Est. payment - /mo

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0.71 Acres Lot

Price Dropped by $500K

11324 NE SANDY BLVD Portland, OR 97220

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

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Key Details

Property Type Vacant Land

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 586326525

HOA Y/N No

Annual Tax Amount $21,604

Lot Size 0.710 Acres

Property Sub-Type Mixed Use

Property Description

Prime investment opportunity along NE Sandy Blvd, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. This property is currently an operating 24-unit motel which spans multiple buildings and includes an on-site office paired with a spacious 4-bedroom, 2-bath manager's residence - ideal for owner-operators seeking operational efficiency or investors looking to generate additional rental income. The office/residence features a well-designed layout with a generous kitchen that opens to the main living area, a primary bedroom on the main level, and additional living space on the lower floor. Its configuration supports multigenerational living, extended-stay occupancy, or flexible use depending on ownership needs. Floor plans available upon request. Strategically positioned along a corridor undergoing significant infrastructure upgrades and long-term mixed-use redevelopment, the property stands to benefit from continued neighborhood growth and future value appreciation. With close proximity to Portland International Airport, I-205, and key retail and service amenities, this asset is well suited for continued motel operations or a value-add repositioning strategy. Financials available upon request. Buyer to perform all due diligence. See developers package attached.

Location

State OR

County Multnomah

Area _142

Zoning CE

Exterior

Utilities Available CableConnected, ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected

Garage No

Building

Lot Description On Busline, Public Road

Schools

Elementary Schools Prescott

Middle Schools Parkrose

High Schools Parkrose

Others

Acceptable Financing Cash

Listing Terms Cash

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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