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3030 NW Montara Loop 0.36 Acres of Commercial Land Offered at $1,250,000 in Portland, OR 97229
INVESTMENT HIGHLIGHTS
- Prime location in Portland, OR
- Site has been previously permitted with plans available
- Close proximity to schools and parks
- Zoned R1 for residential development up to 16 units on the site
- Infrastructure ready for residential development
- Backs up to open space corridor
EXECUTIVE SUMMARY
The site is zoned R1 but was previously planned, engineered, and previously permitted for an 8-unit building similar to building adjacent. Recent upzoning allows for the additional density. Some earthwork and a partial foundation have been completed. Plans are available.
PROPERTY FACTS
| Price | $1,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | ||
| Zoning | R1 - Residential Development | ||
| Price | $1,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.36 AC |
| Zoning | R1 - Residential Development |
1 LOT AVAILABLE
Lot
| Price | $1,250,000 | Lot Size | 0.36 AC |
| Price Per AC | $3,452,323.41 |
| Price | $1,250,000 |
| Price Per AC | $3,452,323.41 |
| Lot Size | 0.36 AC |
NW Montara is a unique opportunity to develop up to 16 upscale condominium units in Forest Heights.
DESCRIPTION
The property's prime location is close to tech giants like Intel and Nike, as well as the bustling tech hub in the heart of the city. Surrounding the area are scenic parks, inviting outdoor spaces, and remarkable dining and entertainment options. With a reputation for sustainability, a thriving economy, and a vibrant cultural scene, the location offers an exceptional setting for any discerning investor seeking to capitalize on the area's burgeoning commercial real estate market.
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3030 NW Montara Loop
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