1831 E Powell Blvd
Gresham OR 97080
Former Miller Paint - Gresham
1831 E Powell Blvd Gresham OR 97080
Listing #: 715098 | Status: Available | Last Modified: 7/8/2026 |
For Sale
- Phone:(206) 826-5787
- Email:browngroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,300,000.0
- $/SF$ 234.7
- Listing StatusAvailable
- Days on Market2
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units1
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9800
- Net Rentable Area9800
- Total Office SF
- Largest Contiguous SF
- Lot SF50192
- Acres1.15
- Property TypeRetail
- Office Type
- Building Class
- CountyMultnomah
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #R339423
- Additional ParcelsR339438, R339470
- ZoningMC
- # Covered Spaces0
- # Uncovered Spaces9
- Total Parking Spots9
- Parking Ratio
- Year Built1967
- Year Renovated2022
- Completion Date
- Roof Type
- Construction TypeFramed
Former Miller Paint - Gresham
We have been selected to exclusively market for sale the former Miller Paint in Gresham, OR, an owner/user or value-add investor opportunity. The property features a 9,800 SF commercial building on 1.13 acres with an open layout including retail and warehouse space and in-place income from a leased billboard sign. The building has been well maintained with upgrades over the past several years including roof overlay and new HVAC unit. It is located on the hard corner of E Powell Blvd/Hwy 26 (23,000+ VPD) and SE 1st Street (3,000+ VPD), adjacent to SE Burnside Rd (36,000+ VPD), with excellent visibility, a dedicated left turn lane, and multiple points of ingress/egress. The billboard features ongoing 5-year terms, with a renegotiation window at the end of 2026. The property benefits from being surrounded by national retailers including Fred Meyer, Walmart, Winco Foods, Trader Joe's, NAPA Auto Parts, Subaru, Ford, Hertz, O'Reilly Auto Parts, Sherwin-Williams, Michaels, and Chick-fil-A, driving consistent consumer traffic. There is convenient access to I-84 and I-205, supporting strong regional draw throughout Gresham and the greater Portland-Vancouver MSA. Currently vacant, the property offers lease-up opportunity with market rents approximately $18/SF–$21/SF + NNN. The property features flexible MC zoning permitting retail, service, office, and general commercial uses, with multi-family housing allowed as a secondary use, providing long-term redevelopment potential. The area demographics are strong, with nearly 180,000 people within a 5-mile radius and average household incomes exceeding $95,000.







