The owners of the six-tenant strip Mall along SE 96th Avenue are seeking a buyer for their Mall 205 adjacent property. Called Prime 205, the single-story bar-shaped structure at 1026 SE 96th Avenue recently secured Carrington College as a new anchor business occupying 64 percent of the building with a ten-year lease. Past owners of the 1971-era strip mall renovated it in 2008. The building currently houses T-Mobile, GolfTec, Fixoid, and L&M Hair Company, with one vacant storefront.

The Prime 205 property is located in the Mall 205 superblock, adjacent to the Target store. Mall 205 sold to new owners in 2022, and other retail complexes in the area have endeavored to realign with changing shopping behaviors. The Prime 205 listing follows news that the owners of Gateway Shopping Center intend to sell that large property several blocks north of this location. An unbuilt adjacent lot to the south of the property at SE 96th Avenue and Access Drive is also for sale separately.

The retail building is located steps away from a TriMet MAX Green line station and offers 94 parking spaces. This area is in flux as new chain restaurants open in the vicinity, but shopping activity remains inconsistent. The unbuilt parcel could represent a development opportunity for urban housing with light ground-floor commercial uses. This parcel is part of a rezoning effort to build density in the Gateway District. Housing in this area would place residents within walking distance of grocery stores, retail establishments, medical services, and public transportation. Properties like Prime 205 can remain on the market for several years, and a buyer will likely want to retain lease tenants, so people will not see any significant change at this site in the coming years. However, owners listing this property could be an indication that they perceive renewed interest from buyers in the Gateway area, and any sale brings an opportunity for future site improvements.
Update: Changed link to SE 96th Ave & Access Dr info after host site took down original page.
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