1011 Oak St, Portland, OR 97214-1346
This exceptional 46,356-square-foot industrial flex building presents a rare opportunity in Portland, Oregon. Situated on a full city block in the desirable southeast area, this 1960-built property offers significant versatility. The building boasts 13-19 foot ceiling heights and ample power with 2200 amps of 120/240, 3-phase electricity. The entire 46,356 square feet is currently vacant, providing immediate occupancy for a single user or the potential for multiple tenants. The property features six grade-level loading doors strategically located on SE Oak Street, SE 10th Avenue, and SE Pine Street. Approximately 6,800 square feet of usable space is located on the second floor. The 40,000 square foot lot is zoned IG1- General Industrial 1, allowing for a wide range of uses including manufacturing, production, vehicle repair, wholesale sales, and self-storage. Retail and office uses are permitted up to 3,000 square feet, with residential use subject to conditional approval. This property's size, location, and zoning make it an ideal investment for a variety of businesses. The Multnomah County property (APN R150472) is ready for its next chapter. Located at 1011 SE Oak Street, Portland, OR 97214.
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Pierre's Bakery Bakery Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IG1 · Portland, ORPortland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.