
Steelhammer
Land | 4.6 acres
Marketing description
This is one of the largest development sites in the city of Portland. 4.6 acres of flat ready to develop land in desirable and gentrifying St. Johns neighborhood. The property is currently undergoing a zone change to CM3. Property has beautiful views of Willamette River: Forest Park and iconic St. Johns Bridge. The property can be sold in individual parcels of approximately 40,000 sf. Or whatever size a buyer/developer needs. A LID has been approved by City which will bring all new streets; curbs; sidewalks and upgraded utilities on 3 sides of the property (coming in 2026) thus removing any expensive offsite costs for development. Ownership is motivated to work with buyers/developers on timelines for appropriate entitlements; financing; permitting etc. Potential short term seller financing. Development scenarios have been designed which reveals up to 500 units of apartments while maintaining 1-1 parking ratios. GREAT SENIOR HOUSING SITE TOO1
Surrounded by nature with the city’s best urban space: Cathedral Park down the street and adjacent to huge beautiful greenspace with parks; trails called Willamette Cove. Make offer!
Investment highlights
One of the largest best development sites in the City of Portland in a great growing neighborhood. Beautiful of Willamette River: Forest Park and St Johns Bridge. Next to 30 acre Willamette Cove Greenspace and short walk to swim docks; boat/kayak launch and huge grassy Cathedral Park. Property can be sold all together or in individual parcels and ownership with work with buyers/developers to accomodate timelines for design; permitting; financing etc. Very flexible….
Listing Contacts

Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?






