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Listed by Keller Williams Realty Portland Premiere • 360-609-3465
$ 798,000
Est. payment | /mo
5,227 Sqft Lot
$ 798,000
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 132935428
HOA Y/N No
Annual Tax Amount $754
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type Mixed Use
Property Description
Excellent development opportunity in a highly desirable close-in Portland location! This level 50 x 100 lot offers CM2 zoning and is being offered together with the adjacent parcel, creating an exciting opportunity for a developer, builder, or investor looking for additional space and flexibility.Located just blocks from the vibrant Alberta Arts District, the property is surrounded by restaurants, shops, neighborhood amenities, and established residential communities. CM2 zoning provides potential for a variety of uses, including multifamily, mixed-use, residential, retail, and other development possibilities, subject to City of Portland approval.The property offers convenient access to major streets and is approximately four blocks from Alberta Park and Vernon K-8 School. Electricity, sewer, and water are available, adding to the potential of this centrally located site.Whether you're considering a multifamily project, mixed-use development, or holding land for a future investment, this is an opportunity to secure two adjoining parcels in an established Portland neighborhood where buildable land is increasingly difficult to find.This parcel is to be sold together with adjacent parcel R229094. Buyer to perform all due diligence and independently verify zoning, permitted uses, development potential, utilities, lot dimensions, and other information with the City of Portland and appropriate agencies.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Exterior
Utilities Available PublicSewer, WaterAvailable
Garage No
Schools
Elementary Schools Vernon
Middle Schools Vernon
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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