9901 Hurst AvePortland, OR 97203

This exceptional 15.62-acre industrial property, located at 9901 North Hurst Avenue in Portland, Oregon, presents a compelling investment opportunity. The site boasts six buildings totaling 54,980 square feet of net rentable space, currently generating lease income from an existing occupant. The property features a paved and hard-packed gravel surface, ensuring easy access and maneuverability. A significant advantage is the presence of two active Union Pacific rail spurs directly on the site, providing efficient transportation options. Environmental concerns are addressed with a Clean Site No Further Action Letter from the Oregon Department of Environmental Quality, issued in 2016. The property is zoned IH - Heavy Industrial by the City of Portland, allowing for a wide range of industrial uses. The land is comprised of two tax lots: one encompassing 12.92 gross acres and the other 2.7 gross acres. The asking price is $10,500,000, translating to a price per square foot of $15.97. This well-maintained property offers significant potential for both immediate income generation and future development within Portland's thriving industrial market. The property's size, location, and existing infrastructure make it an ideal investment for discerning buyers seeking a strong return on investment in a prime industrial location. The zip code is 97203, and the property is situated in Multnomah County.