4938 109Th AvePortland, OR 97220

Property Details for 4938 109Th Ave

Property size (Sq ft)

11,800 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional Portland, Oregon industrial property, located at 4938 & 4946 Northeast 109th Ave, offers 11,800 square feet of versatile warehouse space. Priced at $2,400,000, this four-building complex presents a compelling investment opportunity for both owner-occupants and investors seeking rental income. The property boasts flexible CE zoning, allowing for diverse uses including industrial, retail, service, vehicle repair, and even household/group living. Buildings feature clear spans, grade-level loading, 16-18 foot clear heights, and 3-phase power. One building (10928 NE Killingsworth Bldg A) will be vacant at closing, offering immediate owner-occupancy potential of 2,800-5,800 square feet. A long-term tenant, Portland Spray Works, occupies another building, currently paying $3,500 per month on a month-to-month lease, offering potential for a longer-term agreement. The property comprises two tax lots (5300 & 5400), with combined property taxes totaling $14,286.05. This property is an excellent opportunity to acquire a well-located, functional industrial complex in a thriving Portland market. The combination of owner-occupancy potential and existing rental income makes this a truly unique investment.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.559

Longitude

-122.55

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