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2506 NE Multnomah St 65,060 SF Industrial Building Portland, OR 97232 $1,990,000 ($30.59/SF)



Investment Highlights
- 65,065 SF of warehouse
- Immediate access to I-84 and proximity to Lloyd District
- 2 lots totaling 3.29 acres in heart of inner NE Portland
Executive Summary
*A rare opportunity to acquire a substantial industrial warehouse asset on two contiguous lots totaling 3.29 acres in the heart of inner Northeast Portland.
*The property encompasses 65,060 square feet of warehouse and industrial space within a historic structure, offering the raw scale and bones that value-add investors and owner-users seek in today's supply-constrained Portland industrial market.
*Positioned in Sullivan's Gulch, the site benefits from immediate access to I-84 and proximity to the Lloyd District, placing it minutes from downtown Portland with excellent regional distribution connectivity.
*With a Walk Score of 83 and Transit Score of 68, the location supports a broad range of employees and operational uses.
*The dual-lot configuration carries split zoning of IG2 (General Industrial) and R2.5 (medium-density residential), a combination that supports continued industrial operations today while preserving long-term redevelopment or mixed-use optionality for future ownership.
*The IG2-zoned parcel accommodates heavy industrial, warehousing, manufacturing, flex, and distribution uses, while the R2.5 parcel opens the door to residential development potential in one of Portland's most walkable inner-east neighborhoods.
*PLEASE EMAIL ADMIN@BRADLEYKINGCRE.com to request additional Buyer information.
*Call Ethan at 503-791-1986 or Bradley at 503-313-8262 for any questions you may have.
*The property encompasses 65,060 square feet of warehouse and industrial space within a historic structure, offering the raw scale and bones that value-add investors and owner-users seek in today's supply-constrained Portland industrial market.
*Positioned in Sullivan's Gulch, the site benefits from immediate access to I-84 and proximity to the Lloyd District, placing it minutes from downtown Portland with excellent regional distribution connectivity.
*With a Walk Score of 83 and Transit Score of 68, the location supports a broad range of employees and operational uses.
*The dual-lot configuration carries split zoning of IG2 (General Industrial) and R2.5 (medium-density residential), a combination that supports continued industrial operations today while preserving long-term redevelopment or mixed-use optionality for future ownership.
*The IG2-zoned parcel accommodates heavy industrial, warehousing, manufacturing, flex, and distribution uses, while the R2.5 parcel opens the door to residential development potential in one of Portland's most walkable inner-east neighborhoods.
*PLEASE EMAIL ADMIN@BRADLEYKINGCRE.com to request additional Buyer information.
*Call Ethan at 503-791-1986 or Bradley at 503-313-8262 for any questions you may have.
Property Facts
| Price | $1,990,000 | Rentable Building Area | 65,060 SF |
| Price Per SF | $30.59 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1910 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 3.29 AC | ||
| Zoning | IG2/R2.5 - General Industrial/Residential | ||
| Price | $1,990,000 |
| Price Per SF | $30.59 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.29 AC |
| Rentable Building Area | 65,060 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | IG2/R2.5 - General Industrial/Residential |
Utilities
- Lighting
- Water
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $119,800 | Total Assessment | $294,820 |
Property Taxes
Parcel Numbers
Land Assessment
$119,800
Improvements Assessment
$0
Total Assessment
$294,820
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2506 NE Multnomah St
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