Offered at just $181 per square foot - nearly 50% below Portland's industrial replacement cost - this well-located warehouse presents a compelling sub-$1M owner-user opportunity. Strategically positioned near the interchange of I-5 and I-405 with visibility to over 230,000 vehicles per day, the property benefits from unmatched accessibility in a dense, affluent trade area. Over 1,800 multifamily units have been delivered or are in the pipeline since 2022. The concrete-and-metal warehouse includes flexible interior buildout and zoning that supports a wide variety of uses, including cannabis, while the secure gated parking and high land-to-building ratio add to its functional appeal. Just three blocks from Legacy Emmanuel Medical Center and surrounded by retail amenities, the asset is poised to benefit from continued urban growth and rising demand for versatile industrial space.