Opportunity Zone Redevelopment Opportunity

8,607 SF | Vacant | Retail Building | Portland, OR 97214 | $2,299,000 ($267/SF)

Asking Price $2,299,000

Property Type: Retail
Square Feet: 8,607 SF
Price / Square Foot: $267

Listing Contacts

Tom Keenan

Verified Profile

Property Info

Property Overview

Opportunity Zone Development Site located in Portland's Inner East Side - ~0.23 Acre (10,000 SF) Site, Zoned CM2 with d(MU-U) Overlay. Site is currently built out with an 8,607 square foot single story building, comprising four seperate tenant spaces overall. Three spaces leased currently - contact broker for details. Excellent Re-Development Opportunity, currently producing income, with CM2 zoning offering a wide variety of uses, and Opportunity Zone location offering numerous tax, investment, and financing advantages! Price Reduced 10/24/2023!!

Property Details

Year Built: 1914
Stories: 1
Property Subtype: Freestanding, Office/Residential, Office Live/Work Unit

Highlights

Opportunity Zone Development Potential!
Located at the Hard Corner of SE Morrison St and SE 16th Avenue!
Zoned CM2 with d(MU-U) Overlay!
Located in the Heart of Portland's Inner East Side!
Existing Building with 4 Tenant Spaces, Currently Producing Income!
Excellent Re-Development Potential!

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