9220 Tolbert St, Clackamas, OR 97015

3,140 SF | 100% Leased | Retail Building | Clackamas, OR 97015 | $879,000 ($280/SF) | 5.47% Cap Rate

Asking Price $879,000

Property Type: Retail, Restaurant
Square Feet: 3,140 SF
Price / Square Foot: $280

Listing Contacts

Denise Spanke

Verified Profile

Property Info

Property Overview

Appraisal report in hand by L3 Valuation- As Is Market Value at $299.00/SF. The subject is 100% tenant occupied with new 2 & 5 year leases starting 2024. This 2-story remodeled property is located in a highly desirable/high traffic area. Prime location in Clackamas. Below market rents-Strong Tenants. Restaurant with Drive - Thru behind building.
Possible Seller Financing!
Over the years the 3 spaces have been occupied by physical therapists, cell phone sales, insurance office, cosmetology salon, coffee shop etc. Access to I-205 is available at two nearby interchanges at Hwy 212 and Hwy 224.
3140 SF Building
Casa Del Sol Restaurant occupies 2420 sqft.
Injector Masters occupies 720 sqft.

Property Details

Class: C
Year Built: 1955
Stories: 2
Property Subtype: Freestanding, Storefront
Lot Size (sq. ft): 8,712 SF

Highlights

High exposure from 82nd drive traffic
Located in a highly desirable Clackamas area
Remodeled Interior-Exterior in 2008-09
Installed 50 yr Geico roof coating system-flat roof

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