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    110 SE 2Nd Ave Portland, OR 97214

    For Sale
    $8,625,000

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

    Property size:
    29,500 SF
    Lot size:
    0.92 Acres

    Property Features for 110 SE 2Nd Ave

    General Information

    Size
    29,500 SF
    Lot size
    0.92 Acres

    Source: Fulcrum Pacific CRE Agent Nicholas "Nick" Bushong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Industrial Facility For Sale

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Central Dispatch Inc Trucking Company Oregon Leather Co Leather Goods Store Central Manufacturing Kitchen- ... Manufacturer Salt & Straw Corporate ... Corporate Office Coastal Lipman Corporate Office

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop 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
    -122.6633095
    Latitude
    45.5218656

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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.
    (503) 778-0362
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    110 SE 2Nd Ave Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 SE 2Nd Ave Portland, OR 97214
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