223 SE 3rd Ave - Warehouse FOR SALE


Portland, OR 97214- Central Eastside
$3,950,000 USD
503-227-2500
223 SE 3rd Ave, Portland, OR for Sale
$3,950,000 USD
Warehouse - FOR SALE
1/16
null | Request Cap Rate

223 SE 3rd Ave
Portland, OR 97214
Central Eastside


HIGHLIGHTS

  • Built in 1936, with historic significance - Architecture conducive to adaptive re-use
  • Cooler/power upgrades in 2022
  • Clear height 1st floor: 14'4"
  • Clear height 2nd floor: 11'9" to 19'4"
  • Freight elevator with 7,000lb capacity
  • Property Taxes: $21,344.69

OVERVIEW

A premier investment opportunity in Portland, this 23,588 SF former headquarters/distribution building offers flexible IG1 zoning and a prime close-in location. Ideal for an owner/user seeking a signature corporate headquarters or an investor targeting long-term value in a strong urban market. Close-in SE is a vibrant urban hub with dining, entertainment, and cultural attractions. Its convenient location near iconic landmarks and strong transportation links, combined with a thriving business community, makes it a valuable investment opportunity that balances work and leisure.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nicky Distribution Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33

LAND SF

14,375

ZONING

IG1

APN/PARCEL ID

R166743

ASK ABOUT THIS PROPERTY

Todd CollinsMacadam Forbes, Inc.More Info
503-227-2500

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Todd CollinsMacadam Forbes, Inc.More Info
503-227-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.