110 SE 2nd Ave, Portland, OR

Listing agent Nicholas "Nick" Bushong

Listing office Fulcrum Pacific CRE Show Phone

Listing date Mar 27, 2025

Source Moodyscre

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Overview

This unique 29,500 square-foot single-tenant building was built in 1993. Since 2017, it has been occupied by Salt & Straw for ice cream production and cold storage. The facility features specialized buildouts for food manufacturing, complete with high-efficiency cold storage and ample space for production. Dock-high loading docks provide easy access and logistics. The building spans an entire city block and is zoned IG1, with adjacent EX zoning, providing flexibility for various uses. Located in a thriving industrial area, this well-maintained facility is designed to meet the rigorous needs of both production and distribution, offering immediate functionality for a range of industrial or commercial purposes. The current lease features low-end market rent, which has been confirmed by multiple appraisals and is supported by a strong and growing tenant base. The lease structure includes the opportunity for annual rent growth, while the land itself offers significant long-term potential in a rapidly appreciating market. The property is located in Portland.

Suggested Use

Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Portland

County

Washington

State

Oregon

Longitude

-122.663

Latitude

45.5219

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FAQs

What type of property is this?

Manufacturing property - 29,500 SF industrial building occupied by Salt & Straw.

Where is this manufacturing property located?

The property is located at 110 SE 2nd Ave Portland, OR.

What is the asking price?

The asking price for this property is $8,625,000.

What are key features of this property?

This property features: Long‑term investment opportunity with a strong tenant (Salt & Straw) committed to the location.; Specialized food manufacturing facility with high‑efficiency cold storage and ample production space.; Significant long‑term land value potential in a rapidly appreciating market.