10 year tax abatement may apply.This high profile 1 acre commercial location offers five parcels and a residence/office at one of Gresham's busiest intersection where Burnside and Division cross on the south side of Division. Both Division and Burnside offer daily traffic counts over 21,000 EACH.National and regional retailers like McDonald's, Safeway,Starbucks, and many more.
Mixed Use Commercial Multifamily 1 acre, 5 tax lots includes one home. Commercial Entrance and around 190 feet of frontage road to NE Division
Buyer to do all due diligence for their project, here are a few uses taken from the City of Gresham planning department under the DEM zoning section
Business and Retail Service and Trade
Multifamily Residential up to 70 Feet height and max Floor Ratio 3.0
Clinics
Manufacturing
Daycare Facilities
Live/work
Information Services
Single-Family Attached Dwellings
Religious Institutions
4.1113 Downtown Employment Mid-Rise (DEM): This mixed-use area is envisioned as one that could support significant employment, whether retail or office in nature. It has excellent access to light rail as well as several major streets – Hogan, Burnside, and Division. Buildings are allowed to have multiple stories with larger footprints here to accommodate market demand. This sub-district allows for a substantial amount of general office, financial, corporate and institutional uses that employ large numbers of people. It also allows a significant retail presence and residential uses
Lot Tax ID
R121673
R121674
R121689
R121688
R121686
Off market
$456,100
1220 NE Division St, Gresham, OR 97030
2beds
950sqft
MultiFamily
Built in 1948
-- sqft lot
$456,100 Zestimate®
$480/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard
Features
- Has fireplace: No
Interior area
- Total interior livable area: 950 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Wood
Lot
- Size: 1.04 Acres
Details
- Parcel number: R121673
- Zoning: DEM
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1948
Utilities & green energy
- Utilities for property: Sewer Connected, Public Water-500'+
Community & neighborhood
Location
- Region: Gresham
Other
Other facts
- HeatingYN: true
- CoolingYN: true
- BusinessType: Other
- CurrentFinancing: Conventional, Cash
- NumberOfLots: 5
- CurrentUse: Other
- Utilities: Sewer Connected, Public Water-500'+
- Zoning: DEM
- CoListAgentEmail: viviannec.giusto@gmail.com
- CoListAgentFullName: Vivianne Giusto
- MlsStatus: Active
Services availability

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Estimated market value
$456,100