Entity Owned Property summary
This Portland, Oregon industrial property at 2440 SE Raymond St offers 40,000 square feet of manufacturing space in a single building, divisible to a minimum of 16,880 square feet. Located in the Clackamas/Milwaukie submarket's Southeast cluster (zip code 97202), this Class C building boasts 4 drive-in doors, 14' and 20' ceiling heights, and sits on a 1.69-acre lot (APN R228350, zoned IG1). Built in 1947, the property features two suites and currently has 56,880 square feet vacant. Its strategic location provides convenient access to major transportation arteries, including Highway 99 and the U.P. Brooklyn Intermodal Yard, ensuring efficient logistics for businesses. The property's design includes oversized drive-through loading doors, and the potential exists for adding paved, secured outdoor storage. This presents a unique opportunity for businesses seeking flexible, well-located industrial space in the heart of Portland's thriving industrial sector. The property is ideal for a variety of manufacturing uses.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IG1 · Portland, ORThe General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IG1 in Portland, OR.
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