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615 SE Alder St
Portland, OR 97214 Central Eastside

$6,675,000 USD

General Retail For Sale  •  35,528 SF

Property Details

  • Property Type General Retail
  • Total Building Size 35,528 SF
  • Lot Size 0.38 AC
  • Building Class C
  • Year Built 1925
  • Cap Rate 7.51 %
  • Tenancy Single
  • Zoning EXd
73 Transit Score
92 Walk Score

Highlights

Fully leased NNN investment with 7.51% cap rate
Renovated structure with no seismic upgrades required
Located in Portland’s Central Eastside Industrial District
Positioned within Opportunity and Enterprise Zones
Surrounded by top-tier dining, nightlife, and fitness options
Strong tenant mix with long-term lease stability

Property Flyers

Cap Rate: 7.51 %

Public Transportation

Commuter RailDriveWalkDistance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 6 min - 1.7 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 18 min - 9.1 mi
Transit/SubwayDriveWalkDistance
Se Grand & Belmont (Portland Streetcar - B Loop - Portland Streetcar) 1 min 3 min 0.2 mi
Se Grand & Stark (Portland Streetcar - B Loop - Portland Streetcar) 0 min 3 min 0.2 mi
Se M L King & Morrison (Portland Streetcar - A Loop - Portland Streetcar) 0 min 4 min 0.2 mi
Se M L King & Stark (Portland Streetcar - A Loop - Portland Streetcar) 1 min 4 min 0.2 mi
Se Grand & Taylor (Portland Streetcar - B Loop - Portland Streetcar) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
Portland International 20 min - 11.6 mi
Jason VanAbrams 503-314-1099 Capacity Commercial Group LLC
Jason VanAbrams 503-314-1099 Capacity Commercial Group LLC