Allan Building - Ground Lease Investment Opportunity

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

  • For Sale $975,000
  • 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

Contacts

broker
Rod Brokenshire

Macadam Forbes

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    100/100 Biker's Paradise
Powered by Walk Score ®
  • 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

  • Genies Cafe

    0.04 miles

  • Pine State Biscuits

    0.04 miles

  • The Baker's Mark

    0.06 miles

  • Virtuous Pie

    0.07 miles

  • Los Gorditos

    0.09 miles

  • Double Dragon

    0.10 miles

  • Ranch PDX

    0.11 miles

  • Aprisa

    0.16 miles

  • Holdfast

    0.16 miles

  • Short Box Food Carts

    0.18 miles

  • Abernethy Elementary School

    0.18 miles

  • Maitripa College

    0.40 miles

  • Portland Community College CLIMB Center

    0.62 miles

  • Winterhaven School

    0.74 miles

  • Hosford Middle School

    0.83 miles

  • Grover Cleveland High School

    0.94 miles

  • The International School

    1.03 miles

  • National University of Natural Medicine

    1.06 miles

  • Buckman Elementary School

    1.08 miles

  • Bridges Middle School

    1.12 miles

  • New Day School

    0.41 miles

  • Healthy Starts Children's Center

    0.93 miles

  • Montessori Children's House

    0.95 miles

  • Grandma’s Place Early Learning Center

    0.98 miles

  • KinderCare

    1.00 miles

  • Escuela Viva

    1.10 miles

  • ChildRoots Southeast Center

    1.25 miles

  • Moda Tower Child Development Center

    1.32 miles

  • Joyful Noise

    1.34 miles

  • Atlas Immersion Academy

    1.54 miles

Frequently Asked Questions

How much does Allan Building - Ground Lease Investment Opportunity cost?

The space currently listed for sale at Allan Building - Ground Lease Investment Opportunity asks for $975,000.

What is the total square footage of Allan Building - Ground Lease Investment Opportunity?

Allan Building - Ground Lease Investment Opportunity totals 12,740 square feet.

When was this property built?

Allan Building - Ground Lease Investment Opportunity was built in 1966.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Rod Brokenshire

Macadam Forbes

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