4938 109Th Ave Portland, OR 97220

This exceptional Portland, Oregon industrial property, located at 4938 & 4946 Northeast 109th Ave, offers 11,800 square feet of versatile warehouse space. Priced at $2,400,000, this four-building complex presents a compelling investment opportunity for both owner-occupants and investors seeking rental income. The property boasts flexible CE zoning, allowing for diverse uses including industrial, retail, service, vehicle repair, and even household/group living. Buildings feature clear spans, grade-level loading, 16-18 foot clear heights, and 3-phase power. One building (10928 NE Killingsworth Bldg A) will be vacant at closing, offering immediate owner-occupancy potential of 2,800-5,800 square feet. A long-term tenant, Portland Spray Works, occupies another building, currently paying $3,500 per month on a month-to-month lease, offering potential for a longer-term agreement. The property comprises two tax lots (5300 & 5400), with combined property taxes totaling $14,286.05. This property is an excellent opportunity to acquire a well-located, functional industrial complex in a thriving Portland market. The combination of owner-occupancy potential and existing rental income makes this a truly unique investment.