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    2323 Williams Ave Portland, OR 97227

    For Sale
    $1,300,000

    3,400 SF Industrial Building, Owner/User

    Property size:
    3,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,400-square-foot Class A warehouse, built in 1968, is situated on a 7,400-square-foot lot at 2323 N Williams Ave, Portland, OR 97227. Boasting a desirable CM3 zoning, this property offers significant redevelopment potential, particularly for multi-family, office, or commercial uses. The building itself features 2,400 square feet of warehouse space and 1,000 square feet of climate-controlled office space divided into three private offices and a reception area. Two large grade-level loading docks provide convenient access, complemented by parking for up to ten vehicles. The 14-foot ceiling height maximizes storage and operational efficiency. This prime location at the south end of the vibrant N Williams Avenue corridor places the property within easy reach of Interstate 5, the Moda Center, New Seasons Market, Emanuel Hospital, and a thriving mix of restaurants and bars. The building is currently in excellent condition and is ideal for a variety of uses, including manufacturing, distribution, or conversion to higher-use applications such as healthcare facilities or retail spaces. The owner is offering attractive seller financing options, providing a streamlined and cost-effective acquisition process. Alternatively, a lease with an option to purchase may be considered. The asking price is $1,300,000 ($382.35/sq ft), with an occupancy date of May 1, 2024.

    Property Features for 2323 Williams Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    3,400 SF
    Class
    A

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    1

    HighLights

    • $1,300,000 asking price for a 3,400 SF Class A warehouse.
    • Located at 2323 N Williams Ave, Portland, OR 97227.
    • Features 2 loading docks and 14' ceiling height.
    • Owner/user investment opportunity with CM3 zoning allowing for mixed‑use development.
    • Built in 1968, with potential for redevelopment into apartments or other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cascade Commercial Real ... Commercial Real Estate Agency Jason Whittington Physical Therapist Annalisa Sticklin Fish Physical Therapist Breadwinner Cycles Bicycle Shop Sugar Wheel Works Bicycle Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6670891
    Latitude
    45.5398106

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    FAQs

    What type of property is this?
    Distribution property - 3,400 SF Industrial Building, Owner/User
    Where is this distribution property located?
    The property is located at 2323 Williams Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for a 3,400 SF Class A warehouse.; Located at 2323 N Williams Ave, Portland, OR 97227.; Features 2 loading docks and 14' ceiling height.
    Request Owner's contact information
    2323 Williams 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
    2323 Williams Ave Portland, OR 97227
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