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    324 SE Grand Ave Portland, OR 97232

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    For Sale
    $4,000,000

    18,000 SF building with flexible zoning in urban renewal area.

    Property size:
    18,000 SF
    Lot size:
    0.21 Acres

    Property Features for 324 SE Grand Ave

    General Information

    Size
    18,000 SF
    Lot size
    0.21 Acres

    Source: Cascade Commercial Real Estate LLC Agent Todd Deneffe

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

    Overview

    Versatile Building with Flexible Zoning

    The building features 9,000 square feet on the street level with ceilings up to 14 feet, and an additional 9,000 square feet of usable basement warehouse space. Grade doors serve each level. The zoning is EX, which allows for retail, office, residential, and light manufacturing uses. The location is in an urban renewal area and opportunity and enterprise zone. There is an additional 8,000 square feet of parking nearby for up to 20 vehicles. Adjacent properties can be acquired to control over three-quarters of the block.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Pharmacy Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6603907
    Latitude
    45.5206406

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    FAQs

    What type of property is this?
    Retail space - 18,000 SF building with flexible zoning in urban renewal area.
    Where is this retail space located?
    The property is located at 324 SE Grand Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Flexible zoning allows for retail, office, residential, or light manufacturing.; - Expansive space: **9000 sf on street level with soaring 14’ ceilings and an additional 9000 sf basement.**; - Located in urban renewal, opportunity, and enterprise zone.
    (503) 705-6380
    Request Owner's contact information
    324 SE Grand Ave Portland, OR 97232
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    Portland, OR 97232
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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
    324 SE Grand Ave Portland, OR 97232
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