4938 109Th Ave Portland, OR 97220
- Warehouses
- 11,800 SF
Current Use by Public Records
- Paint Portland LLC / Painter / Painting
Property Details for 4938 109Th Ave
- Property size
- 11,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.55
- Latitude
- 45.559
