324 SE Grand Ave Portland, OR 97214

Located in Portland's Central Eastside, this property offers exposure to over 25,000 vehicles daily on SE Grand Avenue. The building features a 9,000-square-foot main level and a 9,000-square-foot usable warehouse basement, both accessible via grade loading doors. Ceiling heights range from 12 to 14 feet on the main floor and 9 feet in the basement. The EX (Employment) zoning allows for a range of uses, including retail, light industrial, and residential. The property is strategically located with access to I-5 and I-84, as well as bridges to downtown and Northwest Portland, and is along the Portland streetcar line. An adjacent 8,000-square-foot parking lot can accommodate up to 20 vehicles and offers further development potential. Two adjoining properties are available for acquisition, potentially giving a buyer control of over 3/4 of the block. The Central Eastside has seen over $1.2 billion in new property development and investment in the last decade, resulting in 1 million square feet of new or converted office space and over 4,000 apartments, with another $500 million of projected new development in the coming years. The area is home to over 1,000 businesses and 20,000 employees and includes food and beverage establishments, entertainment venues, and creative office users involved in tech, design, and engineering.