421 12Th AvePortland, OR 97232

Property Details for 421 12Th Ave

Year built

1928

Lot size

0.21 AC

Property size (Sq ft)

9,000 SF

Zone code

IG1

Property type

Industrial properties

Property subtype

Other warehouses

APN

1N1E35CA 00300

APU

1N1E35CA00300

Description

This 9,840-square-foot industrial property, located at 421 NE 12th Ave in Portland, Oregon's Kerns neighborhood, offers a unique blend of warehouse and flex space. The building features 7,540 square feet of warehouse space and 2,300 square feet of office space, boasting an 18-foot ceiling height and two loading docks. Situated on a 12,197-square-foot lot, this vacant property presents a compelling investment opportunity. Its central location provides easy access to numerous amenities, including restaurants, retail, and public transportation. The property benefits from its prominent frontage on NE 12th Ave and its location within an Opportunity Zone, offering potential tax advantages. The asking price is $2,450,000, translating to $248.98 per square foot. This property is ideally suited for businesses seeking a versatile and conveniently located space in a thriving Portland neighborhood, close to downtown and the waterfront, within an area designated for urban innovation and economic development. The property's zip code is 97232.

• Alternative Use

  Use

  Valuation

  Residential

  $2,829,420

  Hospitality

  $2,591,734

  Educational

  $2,156,292

  Medical

  $2,230,450

  Retail

  $3,354,232

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5263

Longitude

-122.654

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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