2330 NW 31st Ave - Flex FOR SALE


Portland, OR 97210
$4,950,000 USD
503-200-2036
2330 NW 31st Ave, Portland, OR for Sale
$4,950,000 USD
Flex - FOR SALE
1/30
null | Request Cap Rate

2330 NW 31st Ave
Portland, OR 97210


HIGHLIGHTS

  • Fully renovated creative/flex environment with soundproofed spaces and updated HVAC in all units.
  • Secure gated parking and +/-12,000 SF of fenced yard area for storage and operational versatility.
  • Excellent access to US-30 and I-405, less than 10 minutes from downtown Portland.
  • Substantial power capacity with 2,400 Amp/3-Phase system installed in 2018.
  • Planned $200,000 HVAC upgrades in 2025 ensure long-term building integrity.
  • Walkable location with nearby amenities and additional street parking options.

OVERVIEW

The 2330 Building presents a rare opportunity to acquire a fully renovated creative/flex industrial asset with a 10-year anchor tenant leaseback in place. Centrally located in Portland’s active Northwest district, the property offers exceptional accessibility to US-30, I-405, and downtown Portland, facilitating efficient regional connectivity for users and visitors alike. Situated on a secured, gated 0.79-acre site, this offering features approximately 12,000 SF of paved, fenced yard and 20 on-site parking spaces, providing a highly valuable amenity mix for both operational flexibility and future adaptability. The building has been significantly upgraded, including installation of 2,400 Amp/3-Phase power in 2018 and scheduled HVAC improvements of $200,000 in 2025, ensuring long-term capital integrity. The property’s creative interior design includes soundproofed spaces, second-story office suites, and updated individual HVAC systems, appealing to innovative and production-oriented tenants. Positioned near major employers and thriving commercial corridors, 2330 NW 31st Ave combines strong tenancy, functional upgrades, and irreplaceable location fundamentals to deliver a compelling investment with stable income and upside potential.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 2330 Building

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.79

LAND SF

34,412

ZONING

IH - Portland

APN/PARCEL ID

R186862

ASK ABOUT THIS PROPERTY

Zachary DannerMarcus & MillichapMore Info
503-200-2036

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Zachary DannerMarcus & MillichapMore Info
503-200-2036

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