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WELL LOCATED 3,900 SF COMMERCIAL / FLEX BUILD 2319 NE Glisan St 3,750 SF Retail Building Portland, OR 97232 $1,290,000 ($344/SF)



Investment Highlights
- “Walker’s Paradise” Location
- Versatile Infrastructure & Zoning
- High-Exposure Frontage & Access
- Resilient Market Fundamentals
Executive Summary
This versatile CM3-zoned industrial property offers approximately 3,894 SF of well-configured building space on a 5,000 SF parcel in a prime City of Portland location just off Sandy Boulevard. Constructed of durable masonry with a flat roof, the building is designed to support a wide range of commercial and production uses.
The space features roll-up door access directly from the frontage, five on-site parking stalls, and a floor drain running through the building—ideal for light manufacturing, production, or creative uses. Inside, the layout includes a dedicated front office area, ample electrical throughout the space and ceiling, and a ceiling grid system already installed for production equipment or lighting. A centrally located skylight provides natural light, enhancing the functionality and appeal of the interior.
Additional improvements include two heat pumps for efficient climate control, two single-fixture restrooms, and a small personal kitchen area conveniently located adjacent to the bathrooms. With highly flexible CM3 zoning and an exceptional location in close proximity to major transportation corridors, this property presents a rare opportunity for owner-users or investors seeking adaptable space in one of Portland’s most dynamic submarkets.
The space features roll-up door access directly from the frontage, five on-site parking stalls, and a floor drain running through the building—ideal for light manufacturing, production, or creative uses. Inside, the layout includes a dedicated front office area, ample electrical throughout the space and ceiling, and a ceiling grid system already installed for production equipment or lighting. A centrally located skylight provides natural light, enhancing the functionality and appeal of the interior.
Additional improvements include two heat pumps for efficient climate control, two single-fixture restrooms, and a small personal kitchen area conveniently located adjacent to the bathrooms. With highly flexible CM3 zoning and an exceptional location in close proximity to major transportation corridors, this property presents a rare opportunity for owner-users or investors seeking adaptable space in one of Portland’s most dynamic submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
C
Year Built
1951
Price
$1,290,000
Price Per SF
$344
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.11 AC
Zoning
CS - CM3 (Commercial Mixed Use)
Parking
5 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
178’ on Glisan St
Amenities
- Bus Line
- Pylon Sign
- Signage
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R122151 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,330 |
Property Taxes
Parcel Number
R122151
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,330
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WELL LOCATED 3,900 SF COMMERCIAL / FLEX BUILD | 2319 NE Glisan St
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