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Richmond
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3031 SE POWELL
Pending Sale
$17,655,000
3031 SE POWELL 
Portland, OR 97202
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3031 SE POWELL
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Location:
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Listing courtesy of MAJ Commercial Real Estate

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3031 SE POWELL

$17,655,000
Richmond
Portland, OR 97202
Pending Sale On ZeroDown for 2 months
All About The Home

Highlights

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How did my neighbors vote in 2020?
This home is in a precinct that voted for Joe Biden in 2020, who took 92% of the 4317 votes cast.
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Anything historic nearby?
This house is near Buckler-Henry House, a place on the National Registry of Historic Places.
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Where's the nearest childcare?
There are plenty of options for childcare for young familes in 97202, including Little Seeds Farm School and Sunflowers Preschool. Proximity to urgent care centers such as Olympia Open Mri, Zoom+super, and Kaiser Permanente Care Essentials - Hawthorne is also a plus.
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Do people here tend to rent or own?
49% of homes in 97202 are renter-occupied with an average household size of 2.3 members.
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Can I satisfy my sweet tooth nearby?
Dessert shops like Nectar Frozen Yogurt Lounge, Mehri's Bakery & Deli, and Pinolo Gelato are great options in 97202 for satisfying your sweet tooth.
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Are there many restaurants nearby?
You can get takeout tacos from Heart Coffee Roasters or Nayar Taqueria or burgers from Timber's Doghouse or Push X Pull Coffee in Richmond. If you'd rather sit down, check out Timber's Doghouse, Original Hotcake House, or Nayar Taqueria.
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Do homes stay on the market long?
Average days on market for homes in Richmond was 27.0 days this month, 78.0 days last month, and 19.0 days last year.
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Is there flood risk?
This home is in flood zone X which is low risk. Flood insurance is available for properties in this zone, but is not required.
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Is the internet fast here?
Get into the gaming mode with 1000.0+ Mbps download speeds available on this block powered by COMCAST CABLE COMMUNICATIONS, LLC.
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Nearby public transit?
Public transit in 97202 is provided by TriMet, with 172 TriMet bus stops and 5 TriMet tram stops
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Is the sky clear at night?
Expect bright, city-like night skies and very high light pollution that makes it bright enough to read at night, and an orangish glowing sky background but dimmer constellations that lack key stars.
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Where's the nearest grocery store?
97202 has convenient grocery shopping options, including ABC Seafood Market, Islander Produce, and Natural Grocers.
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How often do homes sell?
87 homes were sold in 97202 this month, which is 67% higher than last month and 30% higher than last year.
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Education levels?
96.1% of adults in 97202 have completed high school, which is 6.3% higher than the national average.
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How's this area's market?
There aren't too many bidding wars right now in 97202, with homes selling 1% above asking price over the last three months.
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How's the air quality?
The air quality in 97202 was moderate last year, with 7 days when the Air Quality Index exceeded 100.
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Is the area noisy?
Ambient noise level around this home is 40 - 50 dBA , classified as moderate - safe for any time period. Sounds like a refrigerator humming.
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Who would be my member of congress?
This house is in Oregon's 3rd Congressional District which is represented by Earl Blumenauer (D).
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Is there earthquake risk?
Based on historical data, this property is at risk of experiencing earthquakes with peak ground acceleration of up to 0.15g, which would produce strong shaking and light structural damage.
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Is this a hot market?
5 homes were listed for sale this month in 97202. This is 81% lower compared to last month and 89% lower compared to the same time last year.
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Can I get groceries delivered?
Instacart grocery delivery is available in 97202 from 18 stores including Costco, Safeway, QFC, CVS Pharmacy®, and Natural Grocers.
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Is there access to EV charging?
There are 6 electric vehicle charging locations in 97202 with a total of 7 level 2 and 1 DC fast chargers.
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How are the transit options?
More than 52% of commuters drive to work alone in Richmond.
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Is the area walkable?
97202 has a walk score of 55, a bike score of 92, and a transit score of 46.
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What else is for sale here?
The total number of homes for sale in 97202 is 57, which is 58% higher than it was at the same time a year ago.

The Basics

About
Unique Opportunity to acquire a single tenant net leased investment.The property is leased to Target Corporation on a 10-yr initial term w/ +/-6.5 yrs remaining. This location is Portland's 1st ?small format? Target, which refers to the store?s size of +/- 32,000 SF. This flexible designs lets Target bring the best of the Bullseye into urban neighborhoods where a full-size Target wouldn?t fit, but still provide excellent shopping experiences for locals. Approx. +/-58,000 VPD.
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Property Facts
Status
Pending
Style
Miscellaneous, Income, Commercial Sale
MLS #
22009211
Community
Portland, OR
Year Built
1959
lot_size
1 to 2.99 Acres
Property Type
Commercial Sale, Income
County
Multnomah
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Interior Features

Heating & Cooling

Fuel:
Electricity
Cooling:
Central Air
Heating:
Forced Air
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Virtual Tour, Parking, School, Utilities and Taxes

Parking Information

Garage Or Parking Spaces:
89

Utilities

Water Description:
Public Water
Sewer:
Public Sewer

Tax Information

Tax Amount NCM:
$91,208.01
Tax Year:
2020
Tax Legal Description:
WAVERLEIGH HTS, BLOCK 15&16 TL 300
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Property / Lot Information

Lot Information

Road Surface:
Paved

Property Information

Legal Description:
WAVERLEIGH HTS, BLOCK 15&16 TL 300
Zoning:
CC
PropertyCondition:
Updated/Remodeled
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Location Details

Location Information

Directions:
30th and Powell BLVD
Listed by: Brandi Ho
•
Brokerage: MAJ Commercial Real Estate
•
MLS#: 22009211
•
Source: RMLS
Details provided by RMLS and may not match the public record.

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