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    223 SE 3Rd Ave Portland, OR 97214

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    For Sale
    Contact for pricing

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

    Property Features for 223 SE 3Rd Ave

    General Information

    Zoning
    IG1

    Building Details

    Year built
    1936

    Source: Todd Collins Agent Todd Collins

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

    Overview

    Portland Headquarters/Distribution Building For Sale

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    NICKY USA Meat Wholesaler mtekkiosk Home Goods Store

    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
    -122.6630841
    Latitude
    45.5209786

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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.
    (503) 972-7283
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    223 SE 3Rd 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
    223 SE 3Rd Ave Portland, OR 97214
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