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    2648 N Interstate Ave Portland, OR 97227

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    For Sale
    $1,000,000

    Two-story, historic building with flexible zoning and income potential.

    Property size:
    9,974 SF
    Lot size:
    0.11 Acres

    Property Features for 2648 N Interstate Ave

    General Information

    Size
    9,974 SF
    Lot size
    0.11 Acres

    Source: Colliers | Portland Agent Scott MacLean

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

    Overview

    Historic Flex/Industrial Building For Sale

    This two-story, historic building, constructed in 1890, offers approximately 9974 square feet of flex and industrial space. The property benefits from flexible EXD zoning and features two grade-level doors and a freight elevator. A billboard on the property provides additional income. The building is located in a dynamic neighborhood and represents a smaller, hard-to-find building size.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Mississippi Delta BBQ Catering, La Cocina Restaurant, Zona Rosa, Hot Dog Jones

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6768575
    Latitude
    45.5417838

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    FAQs

    What type of property is this?
    Flex space - Two-story, historic building with flexible zoning and income potential.
    Where is this flex space located?
    The property is located at 2648 N Interstate Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Flexible EXD Zoning; - Billboard with Income; - Freight Elevator available
    (503) 223-3123
    Request Owner's contact information
    2648 N Interstate Ave Portland, OR 97227
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    Portland, OR 97227
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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
    2648 N Interstate Ave Portland, OR 97227
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