1901-1907 Grand Ave Portland, OR 97214
- Industrial properties
- 30,778 SF
- 0.97 lot acres
Current Use by Public Records
- Health Testing Centers - Portland / Blood Testing Service
Property Details for 1901-1907 Grand Ave
- Year built
- 1978
- Lot size
- 0.97 lot acres
- Property size
- 30,778 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional Portland industrial property presents a unique owner-user or lease-option investment opportunity. Spanning 30,778 square feet across two buildings, this complex offers a compelling blend of pristine warehouse space and a welcoming 6,000-square-foot showroom/office area. The office space includes executive offices on the second level, providing ample room for administrative functions. The property features four 15-foot-high doors, accommodating semi-truck deliveries, with one conveniently located at street level. The main warehouse comprises 24,000 square feet, and the property also includes a billboard, currently under lease, adding to its income potential. Built in 1978, this property sits on a 0.97-acre lot and is zoned CG. The 24,415-square-foot flex building is available for a lease option to purchase at $20.00 per square foot annually, with a triple-net (NNN) lease. A second 6,300-square-foot warehouse and the billboard also have established leases, providing additional income streams for an owner-user. The asking price is $7,200,000, reflecting a price per square foot of $233.93. The property is currently 100% occupied, offering immediate return on investment. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial property in a prime Portland location. The recent $700,000 price reduction makes this an even more attractive proposition.
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
- -122.661
- Latitude
- 45.5091
