Category: Property Sale

The Clock Shop for Sale

Neighborhood watch-repair and timepiece retailer The Clock Shop is for sale. Located at 8426 SE Stark Street, both the business and building are available to purchase. The shop remains open while on the market.

The property is represented by More Realty who’s listing describes the benefit of buying both the building and business. “This 15-year-old business will be sold separately. Great opportunity for a live/work arrangement where someone can learn a trade that will last a long time. Most revenue comes from the repair of clocks. All client lists will be included. The price is negotiable.”

The structure is positioned forward on the property, creating a substantial space at the back of the lot for further development. A back alleyway to the property would provide access for a new residence behind the shop.

Dedicated specialty shops are harder to find in Portland. Having such a shop part of Stark Street attracts people to the commercial core of the neighborhood. Hopefully, a new owner will come forward and continue the legacy of this shop.

House from Split Lot for Sale

A recently renovated house at 8115 SE Yamhill Street is for sale. Demolition of the garage at this location recently facilitated a property split, creating two distinct lots. A new fence bisects the old driveway and marks the new property line.

Listed by RareBird Real Estate, images of the completed house are available on Redfin. New windows and a completely refreshed interior revitalized this 1917 house. Five bedrooms and two bathrooms in the house offer ample interior space. A well-lit and functional unfinished basement sits below the two-story home. 

Development of the new vacant lot to the west will eventually obscure the old property line. Currently, the driveway and demolished garage’s foundation stands out at this site. However, many aspects of this project are well executed. This building’s rehab respected the structure of the 100-year-old home while making it modern and energy-efficient. It should provide a comfortable space for its future owners.

Fenced driveway
Driveway before the fence

342 NE 75th Finished and Sold

The house at 342 NE 75th Ave is complete and now pending sale. This infill home started principle construction five months ago and kept to a consistent work schedule.

Promotional pictures of the completed home show white walls and countertops to match the exterior paint color. Lightly stained hardwood floors extend through the open floor-plan’s main level. Many modern and bright finishes are used throughout the house.

At 1,796 square-feet on a standard lot, the property has a sizable and open back yard. It is located close to NE Glisan Street, across from the form TBN site.

Although somewhat modern in its appearance, this house matches the street’s character. The home’s proportions are at scale with the neighboring houses, and it seems well spaced between the other buildings. Based on its quick sale and final appearance, this seems to be a successful infill project.

Historic Factory for Sale

The often-overlooked office building at 7305 NE Glisan Street is available to buy or lease. Originally constructed in 1907, many businesses have repurposed this location to serve their needs. Contrary to its appearance today, this location began as a manufacturing hub and home to early Montavilla industry.

Advertisement in the The Oregon daily journal of September 08, 1907

The Standard Broom Co. commissioned the building to house its broom factory. For five decades, they produced household brooms, and later rubber mats, from this location. Brooms manufactured in Montavilla sold to customers throughout the region. Meier and Frank repeatedly featured Standard Broom Co. brooms in advertisements promoting Oregon made products. The company experienced a great deal of success in making their product at this location.

Image from Digital Sanborn Maps Portland 1908-1909

By 1910 Standard Broom Co. expanded to other properties along east Glisan. Sometime between 1924 and 1950, the company expanded to making rubber mats in addition to brooms. Not too long after construction, the building changed addresses from 615 E Glisan to 1865 E Glisan. In the massive renumbering of Portland, the address changed again to 7315 NE Glisan. 

Image from Digital Sanborn Maps Portland 1924

As a factory, the location featured many modern advancements. Listed in Sanborn Maps for 1908-1909, the property had a night watchman, gas lights, and three fire extinguishers. A gasoline engine provided onsite power for the factory. According to the 1924 map, they had electric lights and power off the city grid. Steam provided heat for the building. Broom production remained at this location at least until 1950.

Image from Digital Sanborn Maps Portland 1950

The building is the current home to Harry L. Stearns Inc., an interior lighting, exterior lighting, and lighting controls supplier. The building is for sale with the property fully leases. However, some leasing sites reference vacancy starting in January 2021. That could point to Harry L. Stearns Inc.’s intent to move out of the facility.

The two-story building offers 7,368 square feet of office space. A small gated parking lot on the side of the building provides 16 parking spaces. Although its factory days are behind it, there are many reconfiguration opportunities with this building. Whatever new business takes over the building, this structure has proven that it can reinvent itself.

Forgotten Parking Lot

The long-unused parking lot at 7601 SE Division Street remains on the market. After selling to investors in 2015, the owner attempted several housing projects on the site. None of those seem to have moved past planning, and the property remains for sale.

Originally this location had an address of 1927 Division Street before the renumbering of Portland streets. The property was owned by the Pickard family as early as 1916. That year, the Morning Oregonian of March 29th and September 7th, listed it as the home address for George B. Pickard.

A few years later, The Oregon daily journal of August 15th, 1922, reported this location as the home of Mrs. Josephine Pickard. That same year Clarence Larsen was said to live at that address by the August 22 Morning Oregonian.

Before the 2015 sale to its current owners, 7601 SE Division Street served as employee parking for the Kaiser clinic. The secure parking lot featured 60 parking spaces and electronic gates on a 40,075 square-foot lot. The property went for sale in 2014 after the Kaiser clinic closed.

The nearby Portland Community college (PCC) considered purchasing it at their July 17th Board of Directors meeting that year. The asking price for the property was one million dollars. Beyond the over market rate asking price, other complications are documented in the PCC Board agenda notes.

“A significant complicating factor is that zoning for the property is uncertain. Staff’s view is that Kaiser’s need to provide for employee parking developed after the clinic’s development. In response to neighbor concerns, it appears that the City granted a temporary zoning change from R2 (residential) to CN2 (neighborhood commercial) to allow the property to be developed as Kaiser employee parking. It appears that this zoning action required that the zoning reverts to R2 upon a change in ownership. It further appears that this rezoning to CN2 occurred via a process that is no longer permitted, so the process for the zoning reversion is unclear.”

PCC investigated the purchase but ultimately declined to move forward. The following year DIG 76th Division LLC bought the property for $525,000 and has sought to sell or develop the site ever since. Capacity Commercial’s current asking price for the property is $4,075,000.

The zoning issue noted by the PCC Board is no longer an uncertainty now that the property is CM2 zoned. That will allow mixed-use for retail, office space, and residential construction. Any development on the property would not require onsite parking due to its access to mass transit.

If the property sells for a reasonable price, this location would be an ideal low-income development. It is walking distance from PCC and on the number 2 TriMet bus line for fast downtown access. At a time when the City is looking to add more affordable housing, letting this unused parking lot remain undeveloped seems like a wasted opportunity.

Interested buyers should contact George Diamond or Nicholas Diamond at 503-326-9000.

1966 Stark Street Storefront for Sale

Located at 8826 SE Stark Street, the former home of Kings Hookah Lounge is for sale. This retail building has upfront parking and large windows extending across the street side of the structure. Just a few blocks east of 82nd Avenue, this location offers highly visible retail space.

The 2,556 square-foot building is listed for $749,995 by SVN Bluestone & Hockley. Before operating as a hookah lounge, Nip & Tuck offered custom pillows, cushions, bedding, drapes, and window treatments from this location. In 1994 a plumbing permit indicated this was a Grocery operated by Aziz Rolman. The building opened in 1966 by owner Bud Flor.

This property offers an attractive retail opportunity. Its parking lot could accommodate outdoor guests or food carts without too much alteration. It will be interesting to see who snatches up this building and what shop will open there.

Garage Demo Leads to Lot Sale

A demolition permit at 8115 SE Yamhill Street makes way for a property split and sale. Permit number 20-188105 seeks to remove the attached garage connected by a breezeway to the 1917 house at this location.

Work is underway at the recently purchased home on Yamhill Street. Glacier Properties LLC bought this double-wide property in July of this year. Lot Confirmation 20-180814 started the process of splitting the property into two separate lots. The garage straddles the future property line between them and needs removal to facilitate separation.

The newly created empty lot is already for sale with a list price of $275,000. A note in the 40-foot by 100-foot lot’s listing states that “Garage demolition [is] in process.”

This undeveloped, standard-sized lot should attract mostly developers. However, a home buyer looking to build something custom could make use of this property. Double-lot sales followed by immediate property splits are becoming more common in Montavilla this year. This example on Yamhill Street is the fifth one in recent months. Look for the new property to be sold and developed soon.

Unbuilt Lot on NE 76th

recent split of the double-wide parcel at 127 NE 76th Ave, has created a full-sized unbuilt lot. Located near the main streets of Montavilla, Remax is listing the property for $240,000. 

The land is in an optimal location near Burnside but setback enough to avoid the sounds of traffic. A house built on this lot should blend into the area. Homes on this street are on 45 foot wide lots. This property is only slightly slimmer at 40 feet wide, allowing the new house to match the dimensions of the surrounding homes. The property has healthy mature trees that will further blend the new structure into the older neighborhood. 

Interested developers or someone looking to build their custom home should consider this property. Contact Mark Piersall with Remax at 503-318-1043 for further information.

Town Storefront for Sale

7850 SE Stark Street is listed for sale by its owner, who operates Electronic Claims Services from this location. Property listings for Stark Street storefronts are uncommon, particularly in buildings centrally located in Montavilla Town.

Constructed in 1946, it was home to bicycle stores for much of its early life. First as Lawrence H. Hook’s Hook Cycle Shop, and later as Mt. Tabor Schwinn Cyclery. This trend lasted until the mid-1980s. In 1998 the current owners bought the building for their business.

This building is one of the old holdouts from a darker time on SE Stark Street. In the 1990s, many storefronts in the area converted to office space, and very few buildings were inviting to pedestrians. With 20 years of curtains drawn and staff entered from the parking lot in the back of the building, it has looked more like a wall than a storefront. Electronic Claims Services is a good neighbor and a Montavilla East Tabor Business Association member. However, their business is exclusively online, and this space is more effective as a retail or food-related establishment.

The sale of this building is an excellent opportunity to activate the front of the building with large windows and a public-oriented business. It is between the theater building and Thatcher’s Lounge. SE 79th Ave ends right at its door, making it one of the most visible structures on the block. Commercial real-estate moves slowly, but soon enough, something interesting should arrive at this location.


Interested buyers should contact Nathan Drake with Marcus & Millichap.

Nathan Drake
(503) 200-2046
nathan.drake@marcusmillichap.com

Wix Insurance Opening on Glisan

Wix Insurance is moving off of SE Stark and into their own building at 7300 NE Glisan Street. The once red brick building on the corner of NE 73rd and Glisan, now features a fresh coat of paint. Inside only cosmetic updates are being worked on.

Already a Montavilla business, Wix Insurance Agency plans to vacate their current Montavilla location at 8037 SE Stark Street. Gabe Kieselhorst, an owner of Wix Insurance, said they hope to have the new location open by the end of June. That timeline is not firm, due to the unknown reopening date for businesses in Oregon. With their lease expiring in August for the Stark Street location, they had to find a new office space. Kieselhorst said that they were excited to find this building for sale, just at the right time.

Kieselhorst lives within walking distance of the building on Glisan. They were looking for an ADA compliant building with parking. This building met all the requirements he could think of.

Kieselhorst bought the building on Glisan Street using the newly formed company, Wix Building Portland LLC. Ronald Laughlin Jr. originally owned the building and used it for his law practice until 2011. That year he started the installment sale of the building, often called a real estate contract sale. The buyer of the building has shifted over time. Recently the buyer was 1st Choice Tax Service, Inc.

7300 NE Glisan Street before painting

Because Wix Insurance does most of its business by appointment, there will not be much opportunity for the public to visit the new office. However they are putting considerable effort into upgrading the exterior appearance of the building. Kieselhorst said they are just happy to stay in the neighborhood and continue to be part of this community.

Updatedthis article was updated with confirmation from the owners about the move. The Original article is below.


Wix Insurance may be moving off of SE Stark and onto NE Glisan. There is good indication that Wix has entered into an agreement to buy the building at 7300 NE Glisan Street.

Ronald Laughlin Jr. owns the building on NE Glisan and used it for his law practice until 2011. That year he started the installment sale of the building, often called a real estate contract sale. The buyer of the building has shifted over time. Recently the buyer was 1st Choice Tax Service, Inc. When called for comment, Laughlin said he had sold the building and the new owner was Wix Insurance.

A Multnomah County property records search shows an amendment for the property, stating the new buyer is Wix Building Portland LLC.

Wix Building Portland LLC is listed the City of Portland Revenue Division new business list, for January 2020. Sean Mcguire is listed as the principal party in the LLC. Mcguire is the Chief Executive Officer at Wix Insurance Agency.

7300 NE Glisan Street back of building with new paint

The distinct, all brick building, is placed tight on the corner of NE 73rd and Glisan. It now features a fresh coat of paint, covering its once natural red color.

What is not know is, if Wix Insurance Agency is going to vacate its current location at 8037 SE Stark Street. It is possible, 7300 NE Glisan Street will become a second Montavilla location or act as an investment property for the company. When reached for comment, by email and phone, Wix Insurance Agency didn’t reply.