Central Eastside SE 6th and Oak

0.23 Acres of Industrial Land in Portland, OR 97214

Date Added:
May 17, 2024
Days on Market:
28 days
Property Type
Land, Industrial

Listing Contacts

Todd DeNeffe
Verified Profile
  • Property Info

Property Overview

Opportunity Zone, Enterprise Zone, E-Commerce Overlay and Prosper Portland Programs/Projects offer extraordinary tax advantages are pertinent to this particular site in Portland. This fantastic location lies in Portland's Southeast Quadrant, which includes the Central Eastside District. "The Central Eastside" is slated as Portland's newest “Innovation Quadrant/Live Work District”. What was once industrial and gritty, now recently up-zoned and lively, is a mixture of housing, workspace, services and e-commerce uses.

Highlights

  • Site on 1/2 block running on back side of Grand, recently up-zoned for 175’ height, 9:1 FAR. Potential western views on upper floors & rooftop deck.
  • Conceptual drawing shows 10-story, mixed-use, 128-144 "affordable housing" micro units w/ ground floor residential amenities, some retail & loading.
  • 5 over 2 Podium Design potentially can add rooftop penthouse suite.
  • 10 yr. income tax exemption for E-overlay: orders, sales, activities that serve the business's overall purpose, even if retail in nature
  • E-commerce may be configured on ground floor w/ warehouse & mezzanine or Penthouse built as Rooftop Suite as Startup HQ.
  • 10 yr. property tax exemption for development of of affordable housing. E-commerce overlay offers 10-year property and income tax exemptions.

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