1901-1907 Grand Ave Portland, OR 97214

This exceptional Portland industrial property presents a unique owner-user or lease-option investment opportunity. Spanning 30,778 square feet across two buildings, this complex offers a compelling blend of pristine warehouse space and a welcoming 6,000-square-foot showroom/office area. The office space includes executive offices on the second level, providing ample room for administrative functions. The property features four 15-foot-high doors, accommodating semi-truck deliveries, with one conveniently located at street level. The main warehouse comprises 24,000 square feet, and the property also includes a billboard, currently under lease, adding to its income potential. Built in 1978, this property sits on a 0.97-acre lot and is zoned CG. The 24,415-square-foot flex building is available for a lease option to purchase at $20.00 per square foot annually, with a triple-net (NNN) lease. A second 6,300-square-foot warehouse and the billboard also have established leases, providing additional income streams for an owner-user. The asking price is $7,200,000, reflecting a price per square foot of $233.93. The property is currently 100% occupied, offering immediate return on investment. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial property in a prime Portland location. The recent $700,000 price reduction makes this an even more attractive proposition.