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Listing provided courtesy of The A Realty LLC- MLS# 586789971MLS Provider

16721 SE DIVISION STPortland, OR 97236

Commercial · 6,810 Sq. ft. | 1.10 Acres
$1,399,900 Pending

16721 SE DIVISION ST Overview

Time on Site:
103 days
Visits:
2

16721 SE Division Street presents a compelling redevelopment opportunity in Portland's growing eastern corridor. This 1.10-acre commercial site currently hosts a vacant restaurant, a vacant warehouse building, and a vacant residential structure, providing a substantial potential for repositioning or full redevelopment.The property sits in a high-traffic retail corridor with excellent visibility and accessibility. Located within Portland's Mall 205 Submarket, the site benefits from strong traffic counts averaging over 30,000 vehicles per day and is situated among major retailers including Ross, Rite Aid, and Regal Cinemas in the immediate vicinity.With CN2 (Neighborhood Commercial) zoning, the property allows for a wide range of potential commercial uses and development scenarios. The increasing property values in East Portland and the site's strategic location position this offering as an attractive investment for developers, investors, and owner-users seeking value-add opportunities in a growing Portland submarket.

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16721 SE DIVISION ST Facts & Features

  • Type Commercial
  • Sq. ft. 6,810
  • Price/Sq.ft. $206
  • Lot 1.10 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1947

Business Information

  • Current Use: Office,Restaurant,Warehouse

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast

Tax Information

  • Tax Annual Amount: 5273.1
  • Tax Year: 2024

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash,Conventional,FHA,Other
  • Parcel Number: R338045
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: CN2

Interior

Building Interior

  • Building Area Total: 6810.0

General Information

  • Heating: Other
  • Stories: 1

Exterior

Parking Information

  • Parking Features: On Site

Lot Information

  • Lot Size Acres: 1.1
  • Lot Size Area: 47,916
  • Lot Size Dimensions: 259x185
  • Lot Size Square Feet: 47916.0
  • Number Of Buildings: 3
  • Road Surface Type: Paved
  • Water Source: Other

General Information

  • Sewer: Public Sewer

16721 SE DIVISION ST Neighborhood

Community

97236 (Portland) Demographics

36
Median Age
5,124
Population Density (per sq. mile)
29%
College Educated
$52,428
Estimated Median Income
7,407
Estimated Total Home Owners
5,410
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16721 SE DIVISION ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16721 SE DIVISION ST Market Data

Based on the last 30 days in this zip code

$439,195
Average List Price
$244
Average Price per Square Foot
20
Properties Sold
103
Average Days on Market
150
Properties for Sale
Calculations provided by Reliance Network

16721 SE DIVISION ST History

Date Event Value Agent
5/13/2026Source: Regional MLS Status Change
Pending
3/18/2026Source: Regional MLS Added to Database
March 18, 2026