Pine Street Lofts
MAJOR PRICE REDUCTION | FOR SALE | 144 Unit Fully-Entitled Development Opportunity in SE Portland
Marketing description
Permit Ready • Studio, 1 & 2 Bed Unit Mix • Private Parking Garage
Property Features:
• Permit Ready Development Site Located in the Buckman Neighborhood of SE Portland
• Includes Vested Pre-Inclusionary Zoning and Located Within an Opportunity Zone
• Conceptual Mixed-Use 144-Unit 7 Story Building with 3,255 SF of Commercial Space
• Select Apartment Units will include Walk-In Closets and Balconies with beautiful views of The Willamette River, Mt. Hood, and Downtown Portland
• Building Includes a Spacious Resident Lounge and Fitness Room with an Outdoor Amenity Deck
• Nearby Notable Portland Developments Including Soho House, Grand Stark Hotel, District Office and Modera Belmont
• Within Walking Distance to the TriMet Bus Lines and within the Portland Streetcar Loops A & B
Location Description
Corner of SE 8th Ave and SE Pine Street in Portland, OR
SE Portland Neighborhood of Buckman close to TriMet Bus Lines as well as Portland Street Car
Located within an Opportunity Zone
Investment highlights
Sale Price: $5,000,000 ($34.722 / Unit)
Units: 144 Units with Studio, 1 & 2 Bedroom Mix
Parking Space: 26 Garage Stacking Spaces
Building Gross Area: 109,586 SF plus 5,659 SF of Amenity Space
Commercial Area: 3,255 SF
Gross Land Area: 19,088 SF
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