This exceptional 5,700 square foot warehouse, built in 1939, boasts a prime location in the burgeoning Central Eastside Industrial District, just minutes from downtown. Situated on the corner of SE Main Street and Water Avenue, this single-tenant property offers unparalleled visibility and accessibility. The main level features a spacious retail showroom with abundant windows, ideal for showcasing products or services. A 1,500 square foot warehouse area, complete with 18-foot ceilings, a small office, and three grade-level roll-up doors with drive-thru capability, provides ample space for storage, production, or distribution. Upstairs, a 1,000 square foot second floor offers multiple offices and meeting rooms, enhancing functionality and versatility. Two restrooms are conveniently located within the building. The property includes a substantial 5,440 square foot fenced and gated private parking lot/yard, providing ample space for vehicles and equipment, with curb cuts on two streets for easy access. Enhanced security features include razor wire at both gated entrances. The property's 200 amp, 120-180 volt, 3-phase power supply ensures sufficient electrical capacity. Zoned IG1, this versatile space is suitable for a wide range of businesses, including contractors, retailers, furniture and home stores, building supply stores, coffee roasters, craftsmen, breweries, restaurants, or fitness centers. Recent updates include fresh exterior paint and a renovated showroom floor. This property offers a unique blend of retail and industrial space, making it an exceptional investment opportunity. Convenient access to I-5, public transportation, and numerous amenities further enhances its appeal.
Property Features for 55 Main St
General Information
Property type
Distribution properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
5,700 SF
Total Rate
6555
Building Details
Year Built
1939
Buildings
1
Stories
2
Unit(s) available at that property
Space
Size
5,700 SF
Rate per SF
$13
HighLights
Prime Central Eastside location, minutes from downtown, at the corner of SE Main and Water Ave.
5,700+ SF building with a main‑level retail showroom and abundant windows.
1,500 SF warehouse featuring 18' ceilings, a small office, and three grade‑level roll‑up doors with drive‑thru capability.
1,000 SF second floor with multiple offices, meeting rooms, and two restrooms.
5,440 SF fenced and gated private parking lot/yard with curb cuts on two streets and enhanced security.
Distribution property - 5,700 SF Warehouse, Prime Location
Where is this distribution property located?
The property is located at 55 Main St Portland, OR.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Prime Central Eastside location, minutes from downtown, at the corner of SE Main and Water Ave.; 5,700+ SF building with a main-level retail showroom and abundant windows.; 1,500 SF warehouse featuring 18' ceilings, a small office, and three grade-level roll-up doors with drive-thru capability.
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55 Main St Portland, OR 97214
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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.
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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
55 Main St Portland, OR 97214
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55 Main St, Portland, OR
Michael Maloney
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55 Main St, Portland, OR
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55 Main St, Portland, OR
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55 Main St, Portland, OR
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55 Main St, Portland, OR
Michael Maloney
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