Oregon Business's Garrett Andrews reported on a how a historic riverside property in central Portland, housing the Louis Dreyfus Co. grain terminal, is back on the market with a $6.5 million price tag. Located at 900 N. Thunderbird Way, the site is promoted as having significant redevelopment potential into a mixed-use residential project, akin to the Vancouver Waterfront.
Built in 1914, the three-acre property includes one of the few private deep-water docks in the Columbia River system and is currently used for storing shredded tires. It generates approximately $325,000 annually from two tenants: Lamar Advertising, which rents a billboard on the silos, and a rubber recycling export business co-owned by Beau Blixseth.
Marketed by Kidder Matthews, the property is highlighted for its proximity to The Rose Quarter, light rail access, and views of the Portland skyline and Willamette River. Positioned in an Opportunity Zone and adjacent to planned redevelopments like the Albina Vision Trust’s project, the site holds promising value but would require rezoning for commercial uses. The listing was first reported by local architect and development blogger Iain Mackenzie.
