61 Yamhill StPortland, OR 97214

Property Details for 61 Yamhill St

Year built

1935

Lot size

0.23 AC

Property size (Sq ft)

10,000 SF

Zone code

IG1

Property type

Warehouses

APN

1S1E03AA 05900

APU

1S1E03AA05900

Description

This exceptional 10,000-square-foot Class A industrial building, located at 61 SE Yamhill St, Portland, OR 97214, presents a unique investment opportunity. Built in 1935 and extensively renovated in 2009, this single-story structure sits on a 10,000-square-foot lot and boasts 18-foot ceilings, two loading docks, and 500 amps of 3-phase power. The property is zoned IG1 and features a mix of usable space, including a former bar/tasting room (3,000 sq ft) with kitchen and seating for up to 100, and 7,000 sq ft of production/storage/distribution space. The building includes a small office and two bathrooms. The asking price is $3,000,000, translating to $300 per square foot. The land value is estimated at $299-$300 per square foot. Property taxes are $14,000 annually. The sale is an owner-user opportunity with a triple net (NNN) lease type. The property is conveniently located near Interstate 5, offering excellent visibility and accessibility. Potential incentives exist for businesses locating in this Urban Renewal area. Paid parking for up to 12 vehicles is available nearby, with ample on-street parking also available. Negotiable brewing equipment is included.

• 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

45.516

Longitude

-122.666

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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