For Sale
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Property summary
This exceptional 3,400-square-foot Class A warehouse, built in 1968, is situated on a 7,400-square-foot lot at 2323 N Williams Ave, Portland, OR 97227. Boasting a desirable CM3 zoning, this property offers significant redevelopment potential, particularly for multi-family, office, or commercial uses. The building itself features 2,400 square feet of warehouse space and 1,000 square feet of climate-controlled office space divided into three private offices and a reception area. Two large grade-level loading docks provide convenient access, complemented by parking for up to ten vehicles. The 14-foot ceiling height maximizes storage and operational efficiency. This prime location at the south end of the vibrant N Williams Avenue corridor places the property within easy reach of Interstate 5, the Moda Center, New Seasons Market, Emanuel Hospital, and a thriving mix of restaurants and bars. The building is currently in excellent condition and is ideal for a variety of uses, including manufacturing, distribution, or conversion to higher-use applications such as healthcare facilities or retail spaces. The owner is offering attractive seller financing options, providing a streamlined and cost-effective acquisition process. Alternatively, a lease with an option to purchase may be considered. The asking price is $1,300,000 ($382.35/sq ft), with an occupancy date of May 1, 2024.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Physician
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Physician
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Portland market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RHD · Portland, ORZoning
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Zoning designation
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The district profile from the municipal source: what is on file for RHD in Portland, OR.
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