Listed by Melvin Mark
$1,150,000
1297 SW Cardinell Dr.
Details
Property Type Land
Sub Type Commercial, Residential
Broker Co-Op Yes
Acreage 1.370
Zoning RM1/RM2
Ownership F2 Finance
Sale Condition Bank owned foreclosure
Land | 1.37 acres - Motivated seller with land entitled for multifamily development
Marketing description
One of the final parcels for development in the SW hills
• Sweeping views of Portland’s skyline and the Cascade Mountain Range
• Located in the highly desirable West Hills neighborhood
• Best-suited for a multi-family development; entitled to build up to 19 condominium units
• Easy access to Downtown Portland, I-405, I-5, U.S. 26
• RM1/RM2 zoning
• Geotech report and Phase1 available upon request.
Investment highlights
CURRENT SITE APPROVALS
• 17-unit luxury condominium project with Portland Land
Use Approval and design documents.
• Modification for height increase to 75’.
• 17 Units ranging from ~2,400 to 3,000 SF plus balconies
• 7 Stories, 71,800 GSF Total
• 38 space parking garage with automated parking
Listing Contacts
Listed by Melvin Mark
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