2451 NW 28th Ave - Manufacturing FOR SALE


Portland, OR 97210
$5,595,000 USD
503-927-3359
2451 NW 28th Ave, Portland, OR for Sale
$5,595,000 USD
Manufacturing - FOR SALE
1/15
null | Request Cap Rate

Sep '25


2451 NW 28th Ave
Portland, OR 97210


OVERVIEW

2451 NW 28th Ave, Portland, OR Rare centrally-located NW Portland Industrial/Flex building. EXCELLENT LOCATION The property is located in the premier location of Northwest Portland, just minutes from downtown, easily accessible via HWY 30, I-405, and NW St. Helens Rd, and near numerous restaurants and shops in Slabtown/Northwest Portland. MULTI-TENANT DESIGN The property is currently divided into 2 tenants, Accretech and Great Notion Brewing. Accretech occupies 25,869 SF and the Great Notion Brewing occupies 9,181 SF. Accretech is vacating 8/31/2025. Great Notion Brewing’s lease runs through 10/31/2025 and has interest in renewing. A buyer has the ability to occupy the 25,869 SF portion and lease out the remainder of the building to Great Notion Brewing, or a buyer could occupy the entire 35,050 SF building. MULTIPLE BUILDING IMPROVEMENTS There have been several renovations made to the building in the last 5 years including new exterior and interior paint, office carpeting, warehouse heating and lighting, stairway retreading, etc. FLEXIBLE USE The Heavy Industrial (IH) zoning allows for a wide range of uses including manufacturing/production, warehousing, wholesale sales, industrial service, vehicle service/repair, etc. RARE OFFICE/WAREHOUSE RATIO Unique office/assembly/flex build-out well-below replacement cost. Multiple possibilities of office configuration component storage, laboratory use, etc.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.84

LAND SF

36,590

ZONING

IH

APN/PARCEL ID

R266227

ASK ABOUT THIS PROPERTY

Zach FrancisKidder MathewsMore Info
503-927-3359

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Zach FrancisKidder MathewsMore Info
503-927-3359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.