- ADDRESS:
- 2506 NE MULTNOMAH ST Portland, OR 97232
- VIDEOS:
- Print this Listing
- Price:
- $1,990,000
- Ft²:
- 65060
- Acres:
- 3.29
- MLS#:
- 518909959
- Lot Size:
- 3 to 4.99 Acres
- Zone:
- IG2
- County:
- Multnomah
- Style:
- 2 Stories
- Yr Built:
- 1910
- Status:
- Active
- Levels:
- 2
- Heat:
- None
- Roof:
- Built-Up
- Area:
- Portland Northeast
- Courtesy of:
- Keller Williams Realty Portland Premiere
- Remarks:
- 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.