1901-1907 Grand AvePortland, OR 97214

Property Details for 1901-1907 Grand Ave

Year built

1978

Lot size

0.97 AC

Property size (Sq ft)

30,778 SF

Property type

Industrial properties

Property subtype

Flex space

Description

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.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5091

Longitude

-122.661

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