Nicky Distribution Building

For Sale

223 SE 3rd Ave, Portland, OR 97214

This Portland property for sale is located at 223 SE 3rd Ave. The general use of Nicky Distribution Building is office and it incorporates 23,588 square feet of class B office space. The current listed sale price for Nicky Distribution Building is $3,950,000. Nicky Distribution Building is situated on a lot that is 0.33 acre in size.

Contacts

broker
Todd Collins

Macadam Forbes

Property Details

  • Property Type Office - General Office
  • Property Size 23,588 SF
  • Lot Size 0.33 Acre
  • Building Class B
  • Year Built 1936
  • Year Renovated 2022
  • Date Updated Sep 16, 2025
Close-in SE is a vibrant urban hub with dining, entertainment, and cultural attractions. Its convenient location near iconic landmarks and strong transportation links, combined with a thriving business community, makes it a valuable investment opportunity that balances work and leisure.A premier investment opportunity in Portland, this 23,588 SF former headquarters/distribution building offers flexible IG1 zoning and a prime close-in location. Ideal for an owner/user seeking a signature corporate headquarters or an investor targeting long-term value in a strong urban market.
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Highlights

  • 3 recessed dock doors and 1 grade door
  • Architecture conducive to adaptive re-use
  • Built in 1936, with historic significance
  • Clear height 1st floor: 14'4"
  • Clear height 2nd floor: 11'9" to 19'4"
  • Cooler/power upgrades in 2022
  • Freight elevator with 7,000lb capacity
  • Located in the thriving Close-in SE Portland area
  • Property Taxes: $21,344.69
  • Versatile IG1 zoning

Getting around

  • 82/100

    Walk Score ®

  • 86/100

    Transit Score ®

  • 100/100

    Bike Score ®

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Location

  • City Portland, OR
  • Neighborhood Buckman
  • Zip Code 97214
  • Market Portland

Points of Interest

  • Northeast Martin Luther King & Hoyt

    0.44 miles

  • Oak Street/Southwest 1st Avenue

    0.45 miles

  • Southeast Martin Luther King & Taylor

    0.45 miles

  • Northeast Grand & Hoyt

    0.46 miles

  • Northwest 5th & Couch

    0.63 miles

  • Northeast 7th & Holladay

    0.70 miles

  • Northeast Grand & Multnomah

    0.76 miles

  • Union Station/Northwest 6th & Hoyt

    0.76 miles

  • Southeast Grand & Mill

    0.78 miles

  • Southeast Martin Luther King & Mill

    0.79 miles

  • Shell

    0.22 miles

  • Pacific Pride

    0.29 miles

  • Kwik-Gas

    0.35 miles

  • Blink

    0.54 miles

  • Chevron

    0.58 miles

  • PGE Electric Avenue Downtown Portland

    0.68 miles

  • Tesla Supercharger

    0.86 miles

  • ChargePoint

    0.93 miles

  • 76

    1.00 miles

  • Arco

    1.48 miles

  • U-Park

    0.39 miles

  • SP+

    0.39 miles

  • City Center Parking

    0.45 miles

  • SmartPark

    0.46 miles

  • Hotel Grand Stark

    0.17 miles

  • KEX

    0.21 miles

  • Jupiter Hotel

    0.31 miles

  • Jupiter Next

    0.35 miles

  • Eastside Lodge

    0.38 miles

  • Embassy Suites

    0.53 miles

  • Hotel Rose

    0.55 miles

  • The Society

    0.57 miles

  • Marriott

    0.58 miles

  • the Hoxton

    0.59 miles

  • Sheridan Fruit Company

    0.10 miles

  • Market of Choice

    0.52 miles

  • Muji Portland

    0.72 miles

  • Nordstrom

    0.84 miles

  • World Foods

    0.85 miles

  • Lloyd Center

    0.96 miles

  • Ross

    0.97 miles

  • Whole Foods Market

    1.00 miles

  • Safeway

    1.04 miles

  • Chuck's Market

    1.34 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
Todd Collins

Macadam Forbes

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