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12224 SE Ash St
Portland, OR 97233
Land For Sale
·
0.16 AC
INVESTMENT HIGHLIGHTS
- Daily traffic counts 40,547
- One block away from MAX and Bus stops
- Opportunity to build 68 units
- Right across from TriMet's Menlo Park Park & Ride
- Local grade school is just three blocks away
- A short drive away from I-205
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | CM3 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| No. Stories | 1 |
| Zoning | CM3 |
1 LOT AVAILABLE
Lot 1-2
| Price | $600,000 | Lot Size | 0.16 AC |
| Price Per AC | $3,707,754.77 |
| Price | $600,000 |
| Price Per AC | $3,707,754.77 |
| Lot Size | 0.16 AC |
This property is zoned Commercial Mixed Use 3 (CM3). The CM3 zone is a large-scale, commercial mixed-use zone intended for sites close to the Central City, in high-capacity transit station areas or town centers, and on civic corridors.
DESCRIPTION
Prime redevelopment opportunity in SE Portland with opportunity for 68 units to be built. Located right across from TriMet's Menlo Park & Ride. One block from MAX Bus Stop ID 6621 and MAX Light Rail Stop ID 8349, making the perfect setting for multi-family or mixed use apartments. The area is surrounded by a diverse selection of restaurants, pubs, and coffee shops. Mall 205, with its associated big box stores is minutes away with access to I-205 nearby. The Ventura Grade School is just three blocks away with two parks also within walking distance.
