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Nicky Distribution Building 223 SE 3rd Ave 23,588 SF Industrial Building Portland, OR 97214 $3,950,000 ($167.46/SF)
INVESTMENT HIGHLIGHTS
- Built in 1936, with historic significance - Architecture conducive to adaptive re-use
- Clear height 1st floor: 14'4"
- Freight elevator with 7,000lb capacity
- Cooler/power upgrades in 2022
- Clear height 2nd floor: 11'9" to 19'4"
- Property Taxes: $21,344.69
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $3,950,000 | Rentable Building Area | 23,588 SF |
| Price Per SF | $167.46 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1936 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.33 AC | Opportunity Zone |
Yes
|
| Zoning | IG1 | ||
| Price | $3,950,000 |
| Price Per SF | $167.46 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.33 AC |
| Rentable Building Area | 23,588 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | IG1 |
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R166743 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $854,540 |
PROPERTY TAXES
Parcel Number
R166743
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$854,540
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Nicky Distribution Building | 223 SE 3rd Ave
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