8215-8225 7Th Ave Portland, OR 97202
This exceptional 13,800-square-foot industrial property, located at 8215-8225 SE 7th Avenue in Portland, Oregon's desirable Sellwood neighborhood (zip code 97202), presents a unique investment opportunity. The building, constructed in 1921, boasts a flexible design ideal for adaptive reuse or new development. The CM2 Commercial Mixed Use 2 zoning allows for a multitude of uses. The 12,600 square feet of net rentable space features two loading docks with drive-in capabilities, abundant natural light from clerestory windows, and a versatile layout combining open space with modest office areas. Ceiling heights range from 11 to 16 feet, and the building is four stories high, with potential for additional height in certain areas. The property sits on a 13,800-square-foot lot. Surrounded by recent multifamily development, this location offers excellent potential for various businesses and services. This property is priced at $2,250,000. Don't miss this chance to acquire a well-positioned industrial property in a thriving Portland neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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