1163 63rd Ave Portland, OR 97213-4901
- Warehouses
- 16,300 SF
- 0.64 lot acres
Current Use by Public Records
- BDI-Bearing Distributors Inc. / Distribution Center / Logistics Company
Property Details for 1163 63rd Ave
- Year built
- 1957
- Lot size
- 0.64 lot acres
- Property size
- 16,300 SF
- Zone code
- EG2
- Property type
- Warehouses
- APN
- 1N2E32BB 02700
- APU
- 1N2E32BB02700
Description
This exceptional 18,800-square-foot industrial property, located at 1163 NE 63rd Ave in Portland, Oregon, presents a significant opportunity for businesses seeking manufacturing or distribution space. The single-tenant building sits on a 0.75-acre lot and boasts 18-foot ceilings, providing ample vertical space for operations. The property includes 2,500 square feet of office space, ideal for administrative functions. Power is supplied by a robust 400-amp, 3-phase system, ensuring sufficient capacity for demanding operations. The property features fenced and paved parking, offering convenient and secure vehicle access. Its strategic location in the Gateway submarket of Northeast Portland provides excellent interstate exposure and easy access to major transportation arteries, including I-84, I-205, and I-5, facilitating efficient logistics and distribution. Built in 1957, the Class B building is zoned EG2 and has an APN of R227381 within Multnomah County. The property is currently vacant and available for occupancy beginning July 1st, 2025. This is a rare opportunity to acquire a well-located, functional industrial space in a thriving Portland submarket.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,681,000
- AI Estimate
- $3,681,000
Market price range: $2.21M - $5.03MMarket price range: $2.21M - $5.03M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,325,000 Current use
- RESTAURANT
- $5,580,000 Change: +68% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,975,000 Change: +50% Conversion: Easy
- MEDICAL BUILDING
- $4,925,000 Change: +48% Conversion: Difficult
- OFFICE BUILDING
- $4,710,000 Change: +42% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,335,000 Change: +30% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,105,000 Change: +23% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.599
- Latitude
- 45.5313
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA