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5633 Southeast Division Street, Portland, OR 97206 For Sale

TD
Cascade Commercial Real Estate
Listed by Cascade Commercial Real Estate
$1,200,000
86 days on market
Updated 27 days ago

Mt. Tabor Development Site

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building
Square Footage 14,040
Net Rentable (SqFt) 1,000
Units 10
Occupancy 100%
Tenancy Single
Class A
Year Built 1960
Buildings 1
Lot Size (SqFt) 14,040
Zoning CM2
Investment Type Redevelopment
Ground Lease No
Sale Condition For sale by owner

Great Mt. Tabor CM2 Mixed Use Development Site

Marketing description

One of a kind development site of 14,000 sf located along SE Division in the South Mt. Tabor neighborhood. Across the street from two great public schools of Atkinson Elementary and Frankling High School, the property is close to 250 acre beautiful Mt. Tabor Park home to trails, courts, dog park, picnic areas and some of the best views of downtown Portland. Development studies reveal the potential of up to 50 living units with ground floor retail but could be a owner-user property for a variety of uses with a very flexible CM2 mixed use zoning. There is an existing 1000 sf cafe/coffee shop that can provide income to hold for design, permitting and future development

Investment highlights

Here is a great and rare ready to go development site in the accessible and stately Mt. Tabor neighborhood. This SE Division 14,000 development site provides the potential for a creative and appealing template for a mixed use development. Located in one of Portland's most stately and sought after neighborhoods it has an efficient flat and rectangular layout that is best suited for multi-story apartments with street level retail but could be a great owner-user site for retail, healthcare, education and more.

Listing Contacts

TD
Cascade Commercial Real Estate
Listed by Cascade Commercial Real Estate

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