8500 17Th Ave, Portland, OR 97202
3 Land Properties Offered at $2,200,000 in Portland, OR
Asking Price $2,200,000
- Property Type
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Land
Listing Contacts
- Property Info
Property Overview
Spectacular development opportunity in prime Sellwood location. This 20,000 SF parcel is comprised of 3 tax lots and encompasses a full block. The block has a 89 walk score and is within walking distance of all kinds of lively retail and professional businesses including brew pubs, Thai & sushi restaurants, antique shops, foot carts, vintage stores, BBQ joints, New Seasons Market, Sellwood Park and Oaks Bottom Wildlife Refuge. etc. It has a 99 bike score and is close to the Springwater Trail, a 40-mile traffic-free cycling corridor. The area has been developing rapidly and there are over 350 units that have been completed recently or are under construction.
It has CM2 zoning which is a medium-scale, commercial mixed-use zone that allows for retail, office and multi-family development. The height limit for this zoning is 45' and the base FAR is 2.5:1 which can be increased up to 4:1 with bonus provisions. .
Currently leased with a gross monthly income of $10,564
Traffic count 7,562
It has CM2 zoning which is a medium-scale, commercial mixed-use zone that allows for retail, office and multi-family development. The height limit for this zoning is 45' and the base FAR is 2.5:1 which can be increased up to 4:1 with bonus provisions. .
Currently leased with a gross monthly income of $10,564
Traffic count 7,562
Highlights
- Great Location, Full Block, CM2 Zoning
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