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Central Eastside Creative Industrial Building
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2421-2455 SE 11th Avenue, Portland, OR 97214

Renovated industrial building with retail exposure in Portland's Central Eastside.

Property Size12,740 SF
Lot Size0.42 Acres
Days on Market187

Property Features for 2421-2455 SE 11th Avenue

General Information

Standard status Active
Size 12,740 SF
Lot size 0.42 Acres
Property subtype Office

Building Details

Year Built 1966
Listing Agency: Macadam Forbes
Listed By: Rod Brokenshire · License #OR #860500161
Source: Macadamforbes
Added: Jan 27 Changed: Jul 10 Last Checked: Aug 2 at 6:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes

Investment Insights

Based on property information with market context.

Located in Portland's Central Eastside, this 12,740 square foot industrial building is situated on 18,227 square feet of land. The building, renovated in 2013, provides space for one business that occupies 25% of the area. The remaining 9,543 square feet is available for lease. The property offers retail exposure, off-street parking, abundant natural light, and flexibility. Constructed in 1966 with concrete-tilt construction, the building is zoned General Industrial, IG1. The location is near the Oregon Museum of Science and Industry and the Eastbank Esplanade along the Willamette River, with dining, shopping, and entertainment options nearby. It is located steps from TriMet’s FX-2 Division high-speed bus line and the Clinton St/SE 12th Ave MAX Orange Line Station.

Key Highlights

  • Prime Central Eastside location with high exposure and easy access to dining, shopping, and entertainment.
  • 9,543 SF of leasable space available in a 12,740 SF renovated (2013) industrial building.
  • Situated on 18,227 SF of land, offering flexibility for creative or mixed‑use ventures.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Pet Grooming Service Mobile Phone Store Butcher (Bike/Boat/Book/etc) Store Supermarket Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,992
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Lease Benchmarks for Portland, OR

$70.05 /SF/Yr
Avg Asking Price
$1.71–$141 /SF/Yr
Price Range
10,290 SF
Avg Space Size

Properties on Market for Industrial properties in Portland

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019
4.1% 2020
2.5% 2021
2.1% 2022
4.2% 2023
5.5% 2024
6.6% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Renovated industrial building with retail exposure in Portland's Central Eastside.
Where is this industrial property located?
The property is located at 2421-2455 SE 11th Avenue Portland, OR.
What are key features of this property?
This property features: Prime Central Eastside location with high exposure and easy access to dining, shopping, and entertainment.; 9,543 SF of leasable space available in a 12,740 SF renovated (2013) industrial building.; Situated on 18,227 SF of land, offering flexibility for creative or mixed‑use ventures.
More about this property
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