223 SE 3rd Ave Portland, OR 97214

Building Details

Year Built

1936

Listing agency Macadam Forbes t***@macadamforbes.com Show Phone

Listed by Todd Collins · License #OR #881000059

Source Macadamforbes

Added: Nov 25, 2025 Updated: Jul 6 at 10:17AM Checked: Jul 21 at 6:37AM

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Investment Insights

Based on property information with market context.

This 23,588 SF building in Portland presents an investment opportunity. Formerly a headquarters and distribution center, the property features flexible IG1 zoning and a location in close-in Southeast Portland. Constructed in 1936, the architecture is conducive to adaptive reuse. The property includes three recessed dock doors and one grade door. The first floor has a clear height of 14'4", while the second floor offers clear heights ranging from 11'9" to 19'4". A freight elevator with a 7,000lb capacity is present. Cooler and power upgrades were completed in 2022. The location in close-in Southeast Portland provides access to dining, entertainment, and cultural attractions. Its proximity to landmarks and transportation links, combined with a business community, makes it a valuable investment opportunity. The property is suited for an owner/user seeking a corporate headquarters or an investor targeting long-term value. Property taxes are $21,344.69.

Key Highlights

• Prime Close‑in SE Portland location, a vibrant urban hub.
• Flexible IG1 zoning allows for a variety of uses.
• 23,588 SF former headquarters/distribution building suitable for owner/user or investor.

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FAQs

What type of property is this?

Distribution property - 23,588 SF building with flexible zoning in prime location.

Where is this distribution property located?

The property is located at 223 SE 3rd Ave Portland, OR.

What are key features of this property?

This property features: Prime Close‑in SE Portland location, a vibrant urban hub.; Flexible IG1 zoning allows for a variety of uses.; 23,588 SF former headquarters/distribution building suitable for owner/user or investor.