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Property profile & analytics

2120 27Th Ave Portland, OR 97210

  • Warehouses
  • 27,348 SF
  • 1.92 lot acres
For Lease
Last Sale
May 07, 2024
$33,000,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US71-0855109
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Warehouses

Property Details for 2120 27Th Ave

Year built
1921
Lot size
1.92 lot acres
Property size
27,348 SF
Zone code
EXD
Property type
Warehouses
APN
1N1E29DA 01100
APU
1N1E29DA01100

Description

This exceptional 35,000-square-foot manufacturing warehouse presents a unique opportunity in Portland's vibrant Slabtown/Northwest area. Located at the base of Montgomery Park, this single-tenant property boasts a desirable location with easy freeway access (less than half a mile to HWY 30 and I-405). Built in 1921, the building features two dock-high doors and ample space for various production and warehouse uses. The property includes approximately 27,348 square feet of shell space complemented by 7,652 square feet of mezzanine area. Additional features include oversized grade-level doors, supporting office and restroom facilities, high ceilings, and heavy power. The property sits on a generous 86,235-square-foot lot and is zoned EXd, offering flexibility for a range of industrial applications. Previously occupied by Adidas and a production company, this well-maintained warehouse is ready for immediate occupancy. Its proximity to Forest Park, Slabtown's amenities, and numerous dining options adds to its appeal. Future development at the adjacent Montgomery Park promises even more nearby conveniences, including food and beverage establishments. This is an exceptional chance to secure a substantial and strategically located industrial property in a thriving Portland neighborhood.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Portland
County
Multnomah
State
Oregon
Longitude
-122.707
Latitude
45.5384
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,232
$0.00
$0.00
$1,670,790
-
$3,000,820
$1,606,240
$4,607,060
More about this property
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