2324 82Nd AvePortland, OR 97220

Property Details for 2324 82Nd Ave

Year built

1948

Lot size

0.33 AC

Property size (Sq ft)

12,568 SF

Zone code

CG

Property type

Warehouses

APN

1N2E28CB 16900

APU

1N2E28CB16900

Description

This exceptional 9,420-square-foot industrial property, located at 2324 NE 82nd Ave in Multnomah County, presents a unique investment opportunity. The single-tenant building is currently vacant and offers versatile space previously utilized as a metal fabrication shop. A significant feature is the inclusion of a 3-ton bridge crane, ideal for various industrial applications. The property boasts excellent visibility and accessibility, situated on NE 82nd Ave, a major thoroughfare with a daily traffic count exceeding 21,000 vehicles. This high traffic volume ensures significant exposure for any business operating from this location. The property's CG zoning allows for a range of uses, including retail and light industrial operations. The owner is flexible and willing to collaborate on build-outs, potentially creating a customized retail or showroom space to meet specific tenant requirements. The building's total square footage is 9,420 square feet, all of which is currently available. This presents a rare chance to secure a substantial, well-located industrial space with significant potential for diverse business applications. The property is categorized as Office, Industrial, with subtypes including Executive Office, Warehouse, and Distribution, making it suitable for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,075,420

  6.5%

  $7,454,230

  7%

  $6,921,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,872,550

  Geo Method

  $3,872,550

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,755,050

  Mixed-Use / Specialty

  $3,688,520

  Hospitality / Lodging

  $2,636,950

  Office

  $3,611,250

  Institutional / Educational

  $3,815,570

  Residential Income

  $4,464,220

  Multifamily

  $5,648,780

  Automotive / Energy

  $3,270,490

  Parking / Income-Based Land

  $1,181,120

  Restaurant / Food Service

  $1,805,000

  Healthcare / Senior Housing

  $3,837,000

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5392

Longitude

-122.579

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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