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2451 NW 28th Ave 33,906 SF Flex Building Portland, OR 97210 $5,345,000 ($157.64/SF)
Investment Highlights
- Reduced sale price of $5,345,000 creates an attractive acquisition opportunity.
- Recent renovations include updated interiors and warehouse improvements.
- Multi-tenant configuration offers flexibility for users or investors.
- Centrally located near HWY 30, I-405, and downtown Portland with excellent accessibility.
Executive Summary
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.
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.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Versatile first-floor space tailored for assembly, storage, and distribution, featuring two dock-high doors, grade-level access, and an updated build-out ready for operations.
Open-plan second-floor office with multiple private offices, conference rooms, and updated finishes, offering a professional work environment for administrative teams.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 22,614 SF | Flex | Full Build-Out | Now |
| 2nd Floor | 11,292 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 22,614 SF |
| Space Use |
| Flex |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 11,292 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 22,614 SF |
| Space Use | Flex |
| Build-Out | Full Build-Out |
| Available | Now |
Versatile first-floor space tailored for assembly, storage, and distribution, featuring two dock-high doors, grade-level access, and an updated build-out ready for operations.
2nd Floor
| Size | 11,292 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Open-plan second-floor office with multiple private offices, conference rooms, and updated finishes, offering a professional work environment for administrative teams.
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R266227 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $937,530 |
Property Taxes
Parcel Number
R266227
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$937,530
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2451 NW 28th Ave
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