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530 SW 2nd Ave - Morrison Bridgehead Block 0.61 Acres of Commercial Land in Portland, OR 97204
Investment Highlights
- Opportunity Zone Multi-Block Development Site in the Portland CBD
- Prime Opportunity for High-Density OZ Development Including Multifamily, Mixed-Use, Retail, Office
- Site Currently Operates as Surface Parking - Income Opportunity
- Prominent High-Visibility Location at the western Morrison Bridgehead in Downtown
- CX Central Commercial Zoning within the Central City Plan District
Executive Summary
Total Gross Land Area: 0.90 AC / 39,000 SF
9:1 FAR (351,000 SF) | 235' Height (325' with Bonus)
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Zoning: CXd (Central Commercial with Design Overlay)
Plan District: Central City Plan District
Property Facts
1 Lot Available
Lot
| Lot Size | 0.61 AC |
| Lot Size | 0.61 AC |
Portland CBD Development Site • Opportunity Zone West End of the Morrison Bridge • High-Density Urban Zoning
Description
The Morrison Bridghead Block enjoys a rare undeveloped CBD location and offers the possibility to build on a full city block. Neighborhood uses consist of high-rise, mid-rise and historic retail, offices and entertainment venues. Exposure is excellent due to the site’s frontage along several downtown connector streets and MAX light rail line. The subject parcels are heavily influenced by the Morrison Bridge and its on / off ramps which are elevated above the grade of the site. In a multi-story development, views of Mt. Hood to the east are possible on the upper f loors with no other structures to block the view. Highest-and-best-use scenarious include multifamily, mixed-use, retail and office development, per CX Central Commercial Zoning. Additionally, due to its current use as surface parking, the lot may be used to generate short-term income.
Property Taxes
| Parcel Number | R245946 | Improvements Assessment | $100,000 |
| Land Assessment | $2,790,000 | Total Assessment | $2,890,000 |
Property Taxes
Presented by
530 SW 2nd Ave - Morrison Bridgehead Block
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