Property summary
This exceptional 20,111-square-foot warehouse in Portland, Oregon, presents a unique investment opportunity. Built in 1965 and extensively renovated in 2017, this two-story building boasts 7 loading docks, heavy power, and a new HVAC system. Situated on a 0.52-acre lot, the property features approximately 15,500 square feet of ground floor space and 4,611 square feet of upstairs storage/office area. The permitted zoning is IG1 - Industrial, City of Portland. Its strategic location offers excellent freeway access via I-5, proximity to the Portland Airport and downtown Portland, and over 100 feet of frontage on Columbia Blvd. Recent upgrades include a new roof, electrical upgrades, ADA-compliant restrooms, a new sprinkler system, and demising walls. Previously used as an OLCC-licensed cannabis production facility, the building's adaptable design is ideal for manufacturing, production, or last-mile logistics. All metal panels installed over windows for security are removable, revealing glass windows and loading doors. This is a rare opportunity to acquire a well-maintained, highly functional industrial building in a desirable Northeast Portland location, priced competitively for a quick sale. The property benefits from both suburban industrial advantages and the convenience of close proximity to major transportation arteries and downtown Portland.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
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
IHH · Portland, ORZoning
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Zoning designation
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