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    1430 Water Ave Portland, OR 97214

    For Lease
    $28 SF/Yr ($10,031 /Mo)

    Portland Office/Industrial Space Available

    Lot size:
    4,299 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Pitman II Building, located at 1430 SE Water Ave, Portland, OR 97214, offers versatile commercial space in Multnomah County's CEID submarket. This 4,299 square foot building features multiple tenancy options, with 2,351 square feet currently vacant. The property boasts a diverse range of potential uses, including traditional office, executive office, coworking, creative office, flex space, distribution, refrigerated/cold storage, and manufacturing. A key feature is a fully equipped, health department-approved commercial kitchen (suite #102), ideal for caterers, food producers, restaurants, and similar businesses. This kitchen includes a roll-up door, indoor and outdoor seating, and a mezzanine level for office or storage. Building amenities include a conference room, on-site guest parking, truck loading capabilities, secure building access, and nightly security patrols. The building offers convenient access to downtown bridges, I-5, and I-84, providing easy access to vendors and distribution outlets. Optional private office spaces are available for lease on the second floor. The building also features a common service hall with shared restrooms, bike storage, and a garbage/recycling area. The 200 AMP electrical panel ensures ample power for various business needs. This prime location in the heart of the Central Eastside District, at the entrance to the Hawthorne Bridge, presents a unique opportunity for a variety of businesses.

    Property Features for 1430 Water Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,299 SF
    Total Rate
    10031

    Unit(s) available at that property

    Space
    Kitchen 102
    Size
    2,351 SF
    Rate per SF
    $28
    Space
    Kitchen 101
    Size
    2,480 SF
    Rate per SF
    $28

    HighLights

    • 2015 Renovation.
    • Second‑floor mezzanine space, ideal for office or storage.
    • Guest parking and secure bike storage available.
    • Shared restrooms in common area.
    • Central Eastside location near amenities.
    • Excellent public transit access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nu View construction Construction Company Alimenti Event Services, ... Catering Food And Drink Supplier Scott Snyder, Arbitration ... Mediation Service Auntie Claire's Electrolysis Electrolysis Hair Removal Service Madison Behavioral Information Wellness Center

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66588149
    Latitude
    45.51246042

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Portland Office/Industrial Space Available
    Where is this refrigerated / cold storage located?
    The property is located at 1430 Water Ave Portland, OR.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 2015 Renovation.; Second-floor mezzanine space, ideal for office or storage.; Guest parking and secure bike storage available.
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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
    1430 Water Ave Portland, OR 97214
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