2451 NW 28th Ave - Flex FOR SALE


Portland, OR 97210
$5,345,000 USD
503-927-3359
2451 NW 28th Ave, Portland, OR for Sale
$5,345,000 USD
Flex - FOR SALE
1/15
null | Request Cap Rate

2451 NW 28th Ave
Portland, OR 97210


HIGHLIGHTS

  • Reduced sale price of $5,345,000 creates an attractive acquisition opportunity.
  • Multi-tenant configuration offers flexibility for users or investors.
  • Recent renovations include updated interiors and warehouse improvements.
  • Centrally located near HWY 30, I-405, and downtown Portland with excellent accessibility.

OVERVIEW

Recent Price Reduction – Now $5,345,000 (was $5,595,000) 2451 NW 28th Avenue offers an exceptional opportunity to acquire a rare flex/industrial property in Portland’s highly coveted Northwest submarket. This ±33,906 SF building sits on 0.84 acres and provides a versatile layout with a significant mix of warehouse and office space. Currently configured for two tenants, the building includes ±23,092 SF of vacant space and ±10,814 SF occupied by Great Notion Brewing under lease through April 15, 2026, with strong renewal interest. Buyers have multiple strategies: occupy the entire building, lease just the vacant section, or retain partial occupancy for stable income from the existing tenant. Key features include Heavy Industrial (IH) zoning that supports a broad range of uses, a desirable office-to-warehouse ratio, and recent building upgrades such as new paint, updated office finishes, and warehouse improvements. With proximity to HWY 30, I-405, and Slabtown dining and amenities, this property offers exceptional connectivity and long-term value.

FOR SALE DETAILS

PRICE

$5,345,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, R&D, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.84

LAND SF

36,590

ZONING

IH

APN/PARCEL ID

R266227

ASK ABOUT THIS PROPERTY

Zach FrancisKidder MathewsMore Info
503-927-3359

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Zach FrancisKidder MathewsMore Info
503-927-3359

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