The Property — 1528 SE Holgate Blvd

This tri-level, mixed-use building offers flexibility with three distinct units, each with a separate entrance. The zoning allows for commercial or residential use on each level (or major development), providing immediate income potential with long-term upside.

• Basement (900 sq ft) – Unfinished storage space with its own entrance, offering a blank canvas for storage, future buildout or rental.
• Main Floor (1,012 sq ft) – Includes a full kitchen, half bath, open retail space, and a private office/safe room.
• Top Floor (900 sq ft) – Fully built out as a 2-bedroom, 1-bath apartment with a full kitchen and bonus area. Rental comps are $1,800-$1,900/mo for a 2br/1ba in that area. Would also make great office space.
• Parking – Private rear lot with 5 dedicated spaces.
• Recent Renovations – Building interior and exterior has been professionally renovated in 2025.

The Business — Pakalolo

Fully licensed dispensary located in a high-traffic area, surrounded by new development and anchored by strong community presence.

• Established & Growing – Currently averaging about $50k/mo in Gross Sales (up from about $10k/mo when we bought it in 2024). Averaging about 60 transactions per day and AOV around $30.
• Excellent Location – Steps from 24 Hour Fitness and the new Brooklyn Carreta Bar & Food Cart Pavilion. 2 apartment buildings are currently in development within 500ft.
• Market Advantage – Portland’s cannabis license moratorium ensures no new competition in the neighborhood. Our license includes recreational, medical, and delivery.
• Strong Team – Fully staffed with a reliable manager and a highly-rated team.
• Online Presence – 4.7/5 Google rating, newly updated website, and ongoing local marketing including billboard promotion.
• Growth Potential – Multiple new residential and commercial developments are underway within a half-mile radius.