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Listed by Keller Williams Realty Portland Premiere • 503-313-8262
$ 1,990,000
Est. payment /mo
Active
2506 NE MULTNOMAH ST Portland, OR 97232
65,060 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Square Footage 65,060 sqft
Price per Sqft $30
MLS Listing ID 518909959
Year Built 1910
Annual Tax Amount $4,715
Tax Year 2025
Lot Size 3.290 Acres
Property Sub-Type Warehouse
Property Description
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. All information not guaranteed, Buyer to verify. Building sold AS-IS with no guarantees or warranties.
Location
State OR
County Multnomah
Area _142
Zoning IG2
Interior
Heating None
Cooling None
Exterior
Roof Type BuiltUp
Garage No
Building
Story 2
Sewer Other
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
