2506 NE MULTNOMAH ST, Portland, OR 97232
2506 NE MULTNOMAH ST, Portland, OR 97232
2506 NE MULTNOMAH ST, Portland, OR 97232
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Zeil Vanden Heuvel

Zeil Vanden Heuvel

+1(503) 479-5662
Listed by Keller Williams Realty Portland Premiere • 503-313-8262
$1,990,000
Est. payment /mo
65,060 SqFt
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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

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Zeil Vanden Heuvel

Agent License ID: 201254509

+1(503) 479-5662

Emily Harris

Agent License ID: 201256422

+1(503) 673-3991

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