307 Washington StPortland, OR 97214
- Warehouses
- 10,000 SF
Property Details for 307 Washington St
- Year built
- 1922
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 10,000 SF
- Zone code
- IG1
- Property type
- Warehouses
- APN
- 1S1E03AA 00300
- APU
- 1S1E03AA00300
Description
This exceptional 18,000-square-foot warehouse, located at 307 SE Washington St in Portland, Oregon's desirable Central Eastside, presents a rare owner-user opportunity. Built in 1925, this two-story, Class C industrial building sits on a 10,000-square-foot lot and boasts two levels of 10,000 square feet each. The property features two recessed dock high doors and an additional team loading dock on SE 3rd, ensuring efficient loading and unloading. With a 14-foot ceiling height and ample power availability, this warehouse is well-suited for a variety of uses. The asking price is $2,200,000 ($122.22/sq ft). The property benefits from the highly desirable EX zoning, allowing for residential, retail, office, and light industrial uses. Its prime location, just off SE Grand and a block from the heart of the Central Eastside, places it within a thriving commercial area that has seen over $200 million in recent investment, including a new hotel and apartment complex. Occupancy is available November 1, 2023. This is an excellent opportunity for a company seeking a strategically located warehouse with significant upside potential for renovation and expansion.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $3,143,800
- Hospitality
- $2,879,704
- Educational
- $2,395,880
- Medical
- $2,478,278
- Retail
- $3,726,925
Location Insight
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Latitude
- 45.5189
- Longitude
- -122.662
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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