Gresham, Oregon, is a prime location for investing in commercial land, with its strategic position in the Greater Portland Metropolitan area and a population of around 110,000 people. Commercial land in Gresham offers a diverse range of investment opportunities, from retail and office spaces to industrial and manufacturing facilities. These properties can provide a steady income stream and long-term appreciation in value. Gresham's infrastructure, including transportation systems like Interstate 84 and U.S. Route 26, as well as public transportation services provided by TriMet's bus system and the MAX Light Rail Blue Line, makes it an attractive location for businesses. The city's amenities, such as Mount Hood Medical Center, Reynolds High School, and Mount Hood Community College, also contribute to its appeal. Additionally, Gresham's proximity to Portland and its natural attractions, like Johnson Creek and the Springwater Corridor, make it an ideal location for businesses and residents alike.
Gresham's commercial land market offers a range of opportunities, with 9 listings available. The average price per square foot is , and the average size of commercial land parcels is square feet, with the largest parcel available being 0 square feet. The average cap rate for commercial land in Gresham is. In addition to commercial land, Gresham also offers other property types, such as residential land, office spaces, and retail properties, each with its unique characteristics and investment opportunities. The city's diverse economy, with major sectors including healthcare, education, retail, manufacturing, and technology, provides a strong foundation for businesses to thrive. With its natural beauty, convenient location, and diverse economy, Gresham is an attractive location for investors and businesses alike.
In the Gresham market, common commercial uses for land include retail spaces, such as shopping centers and strip malls, as well as office buildings and industrial parks, which cater to the city's diverse economy comprising healthcare, education, retail, manufacturing, and technology sectors.
Additionally, commercial land in Gresham is also utilized for logistics and warehousing facilities, taking advantage of the city's strategic location near major transportation hubs, including Interstate 84 and U.S. Route 26, and the MAX Light Rail Blue Line stations.
When it comes to purchasing land for development projects in Gresham, Oregon, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a commercial real estate broker, or purchase land at a public auction, and it's essential to understand the process, which is why we recommend reading our article on how to buy land to ensure a successful transaction.