16340 NE Sandy Blvd, Portland, OR 97230

Located along NE Sandy Blvd in East Portland’s Parkrose submarket, this offering consists of two adjacent parcels totaling approximately 2.68 acres, zoned CM1 (Commercial Mixed-Use 1). Positioned on a high-visibility arterial corridor, the property presents a compelling opportunity to develop a mixed-use or multifamily project in a growing east Portland submarket with strong accessibility and frontage.

The offering includes two parcels totaling approximately 116,741 square feet (APNs: R943190110 & R943190120), providing scale that is increasingly rare for infill development sites in Portland. The site’s CM1 zoning allows for a mix of residential and commercial uses, making it well-suited for a multifamily or mixed-use development designed to serve the surrounding neighborhood.

A natural creek feature traverses a portion of the property, and sections of the site are designated with Environmental Conservation (“c”) and Environmental Protection (“p”) overlay zones. These designations are common throughout Portland and typically require setbacks and preservation of natural areas, which may impact overall site planning and density. At the same time, the creek corridor can provide a natural amenity and open space component within future development.

Based on the overall site size and typical CM1 development standards, the property is estimated to support a multifamily or mixed-use development, with final unit count subject to environmental overlays, setbacks, and City of Portland approval.

Located along NE Sandy Blvd, a primary commuter corridor connecting Portland to Gresham, the property benefits from strong traffic counts, proximity to public transit, and convenient access to I-205, Portland International Airport, and major employment hubs. The surrounding area continues to see population growth and housing demand, supporting long-term development potential.

This offering represents an opportunity to acquire a large-scale, mixed-use development site in a supply-constrained market, with flexibility in design and use to meet evolving housing and commercial demand. Buyers are advised to complete their own due diligence regarding zoning, environmental overlays, and permitted uses with the City of Portland.