1430 Water Ave Portland, OR 97214
- Warehouses
- 21,572 SF
- 0.43 lot acres
Current Use by Public Records
- Nu View construction / Construction Company / Kitchen Remodeler
- Alimenti Event Services, LLC / Catering Food And Drink Supplier
- Scott Snyder, Arbitration and Mediation / Mediation Service
- Auntie Claire's Electrolysis / Electrolysis Hair Removal Service
- Madison Behavioral Information / Wellness Center
Property Details for 1430 Water Ave
- Year built
- 1980
- Lot size
- 0.43 lot acres
- Property size
- 21,572 SF
- Zone code
- IG1
- Property type
- Warehouses
- APN
- 1S1E03AD 06700
- APU
- 1S1E03AD06700
Description
The Pitman II Building, located at 1430 SE Water Ave, Portland, OR 97214, offers versatile commercial space in Multnomah County's CEID submarket. This 4,299 square foot building features multiple tenancy options, with 2,351 square feet currently vacant. The property boasts a diverse range of potential uses, including traditional office, executive office, coworking, creative office, flex space, distribution, refrigerated/cold storage, and manufacturing. A key feature is a fully equipped, health department-approved commercial kitchen (suite #102), ideal for caterers, food producers, restaurants, and similar businesses. This kitchen includes a roll-up door, indoor and outdoor seating, and a mezzanine level for office or storage. Building amenities include a conference room, on-site guest parking, truck loading capabilities, secure building access, and nightly security patrols. The building offers convenient access to downtown bridges, I-5, and I-84, providing easy access to vendors and distribution outlets. Optional private office spaces are available for lease on the second floor. The building also features a common service hall with shared restrooms, bike storage, and a garbage/recycling area. The 200 AMP electrical panel ensures ample power for various business needs. This prime location in the heart of the Central Eastside District, at the entrance to the Hawthorne Bridge, presents a unique opportunity for a variety of businesses.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,670,000
- AI Estimate
- $6,670,000
Market price range: $4.16M - $6.67MMarket price range: $4.16M - $6.67M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,930,000 Current use
- RESTAURANT
- $7,390,000 Change: +50% Conversion: Difficult
- RETAIL STORES
- $6,940,000 Change: +41% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,585,000 Change: +34% Conversion: Easy
- MEDICAL BUILDING
- $6,515,000 Change: +32% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $6,385,000 Change: +29% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $6,255,000 Change: +27% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.665
- Latitude
- 45.5125
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA