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2451 NW 28th Ave 35,050 SF Industrial Building Portland, OR 97210 $5,345,000 ($152.50/SF)

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EXECUTIVE SUMMARY

Recent Price Reduction! Reduced from $5,595,000 to $5,345,000
2451 NW 28th Ave, Portland, OR
Rare centrally-located NW Portland Industrial/Flex building.
EXCELLENT LOCATION
The property is located in the premier location of Northwest Portland, just minutes from downtown, easily accessible via HWY 30, I-405, and NW St. Helens Rd, and near numerous restaurants and shops in Slabtown/Northwest Portland.
MULTI-TENANT DESIGN
The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A buyer has the ability to occupy the 25,869 SF portion and lease out the remainder of the building to Great Notion Brewing, or a buyer could occupy the entire 35,050 SF building.
MULTIPLE BUILDING IMPROVEMENTS
There have been several renovations made to the building in the last 5 years including new exterior and interior paint, office carpeting, warehouse heating and lighting, stairway retreading, etc.
FLEXIBLE USE
The Heavy Industrial (IH) zoning allows for a wide range of uses including manufacturing/production, warehousing, wholesale sales, industrial service, vehicle service/repair, etc.
RARE OFFICE/WAREHOUSE RATIO
Unique office/assembly/flex build-out well-below replacement cost. Multiple possibilities of office configuration component storage, laboratory use, etc.

PROPERTY FACTS

Price $5,345,000
Price Per SF $152.50
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Flex Research & Development
  • Industrial Warehouse
Building Class C
Lot Size 0.84 AC
Rentable Building Area 35,050 SF
No. Stories 2
Year Built/Renovated 1928/2018
Parking Ratio 0.37/1,000 SF
Clear Ceiling Height 22’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Zoning IH - Heavy Industrial

AMENITIES

  • Bus Line
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 24,050 SF
  • Industrial
  • -
  • Now

In a Highly-Coveted Central NW Portland Location. The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A tenant would have the ability to occupy just the 25,869 SF space if desired, or the full 35,050 SF building.

  • 2nd Floor
  • 11,000 SF
  • Office
  • -
  • Now

In a Highly-Coveted Central NW Portland Location. The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A tenant would have the ability to occupy just the 25,869 SF space if desired, or the full 35,050 SF building.

Space Size Space Use Condition Available
1st Floor 24,050 SF Industrial - Now
2nd Floor 11,000 SF Office - Now

1st Floor

Size
24,050 SF
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
11,000 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 24,050 SF
Space Use Industrial
Condition -
Available Now

In a Highly-Coveted Central NW Portland Location. The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A tenant would have the ability to occupy just the 25,869 SF space if desired, or the full 35,050 SF building.

2nd Floor

Size 11,000 SF
Space Use Office
Condition -
Available Now

In a Highly-Coveted Central NW Portland Location. The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A tenant would have the ability to occupy just the 25,869 SF space if desired, or the full 35,050 SF building.

Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R266227
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$937,530
  • Listing ID: 34419013

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 2451 NW 28th Ave, Portland, OR 97210

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