Portland Headquarters/Distribution Building For
For Sale
Contact for pricing
223 SE 3rd Ave, Portland, OR 97214
23,588 SF building with flexible zoning in prime location.
Property Size23,588 SF
Days on Market268
Property Features for 223 SE 3rd Ave
General Information
Standard status
Active
Size
23,588 SF
Property subtype
Office
Zoning
IG1
Building Details
Building Size
23,588 SF
Year Built
1936
Listing Agency:
Macadam Forbes
(503) 972-7283
Listed By:
Todd Collins · License #OR #881000059
Source:
Macadamforbes
Added: Nov 25, 2025
Changed: Aug 9
Last Checked: Aug 19 at 5:52AM
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.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,974
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
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.
