Map of Property

Allan Building - Ground Lease Investment Opportunity

For Sale

2421-2455 SE 11th Avenue, Portland, OR 97214

This Portland property for sale is located at 2421-2455 SE 11th Avenue. The general use of Allan Building - Ground Lease Investment Opportunity is office and it incorporates 12,740 square feet of class C office space. The current listed sale price for Allan Building - Ground Lease Investment Opportunity is $975,000.

Contacts

broker
Rod Brokenshire

Macadam Forbes

Property Details

  • Property Type Office - General Office
  • Property Size 12,740 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1966
  • Year Renovated 2022
  • Date Updated Aug 11, 2025
Immerse yourself in the vibrant energy of Portland as you consider the prime location of the Allan Building. Nestled in the heart of this dynamic city, the area offers an array of dining, shopping, and entertainment options, all within easy reach of the property. Nearby, you'll find iconic destinations such as the Oregon Museum of Science and Industry, as well as the scenic Eastbank Esplanade, which provides a refreshing retreat along the Willamette River. With a thriving cultural scene and an eclectic mix of culinary delights, the location offers an inviting and inspiring backdrop for businesses and professionals alike.Located in Portland's Central Eastside, this 12,740 SF industrial building situated on 18,227 SF of land offers users a unique opportunity to acquire a leasehold interest in a multi-tenant investment property. The building was renovated in 2013 and provides home to one thriving business that occupies 25% of the space. The balance of the space, totaling 9,543 SF, is available for lease or for occupancy by an owner/user. With retail exposure, abundant natural light and flexibility, the building offers a strong foundation for a wide array of creative or mixed-use ventures.2421 SE 11th Avenue - 1,680 SF 2429 SE 11th Avenue - 3,424 SF
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Highlights

  • 12,740 SF creative industrial building situated on 18,227 SF land
  • Concrete-tilt construction, built in 1966, renovated in 2013
  • General Industrial, IG1 zoning
  • High exposure Central Eastside location
  • Located steps from TriMet’s FX-2 Division high-speed bus line and the Clinton St/SE 12th Ave MAX Orange Line Station

Getting around

  • 95/100

    Walk Score ®

  • 68/100

    Transit Score ®

  • 100/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Portland, OR
  • Neighborhood Hosford - Abernethy
  • Zip Code 97214
  • Market Portland

Points of Interest

  • Southeast Water/OMSI

    0.42 miles

  • Southeast Grand & Mill

    0.43 miles

  • Southeast Martin Luther King & Mill

    0.45 miles

  • Southeast Martin Luther King & Taylor

    0.74 miles

  • Bancroft Street

    1.17 miles

  • Oak Street/Southwest 1st Avenue

    1.33 miles

  • PSU South/Southwest 5th & Jackson

    1.37 miles

  • PSU Urban Center

    1.39 miles

  • Marquam Hill

    1.45 miles

  • Southwest Market & Park

    1.51 miles

  • Arco

    0.31 miles

  • Chevron

    0.47 miles

  • Kwik-Gas

    0.86 miles

  • Pacific Pride

    0.92 miles

  • Shell

    0.96 miles

  • ChargePoint

    1.11 miles

  • Blink

    1.13 miles

  • PGE Electric Avenue Downtown Portland

    1.22 miles

  • Mobil

    1.39 miles

  • Tesla Supercharger

    1.53 miles

  • Oregon Museum of Science and Industry

    0.62 miles

  • Waterman Building Parking Annex

    0.73 miles

  • North Lot

    0.77 miles

  • East Lot

    0.79 miles

  • Whitaker Lot

    0.85 miles

  • Schnitzer Lot

    0.85 miles

  • South Lot

    0.86 miles

  • East Parking

    1.02 miles

  • West Parking

    1.09 miles

  • U-Park

    1.15 miles

  • Residence Inn

    0.87 miles

  • Hyatt House

    0.90 miles

  • Hotel Grand Stark

    1.01 miles

  • RiverPlace

    1.02 miles

  • Portland Marriott Downtown Waterfront

    1.13 miles

  • Motel 6

    1.21 miles

  • Jupiter Hotel

    1.22 miles

  • Hotel Rose

    1.22 miles

  • Jupiter Next

    1.22 miles

  • Porter Hotel

    1.22 miles

  • New Seasons Market

    0.44 miles

  • People's Food Co-op

    0.58 miles

  • Market of Choice

    0.78 miles

  • Safeway

    0.97 miles

  • Sheridan Fruit Company

    1.07 miles

  • H Mart

    1.45 miles

  • Muji Portland

    1.47 miles

  • Whole Foods Market

    1.54 miles

  • Nordstrom

    1.55 miles

  • Fred Meyer

    1.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Rod Brokenshire

Macadam Forbes

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