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57 NE Hancock St
Portland, OR 97212
Land For Sale
·
0.80 AC
EXECUTIVE SUMMARY
45-57 NE Hancock Street presents an outstanding opportunity with great potential for long-term plans. The ±19,775 SF of versatile workspace, featuring office, production, and warehouse areas with beautiful exposed timber and skylights throughout, is ideal for tenants or owner/users. Additionally, the ±10,000 SF warehouse is currently leased through March 2026, providing a fantastic in-place income stream.
Feasibility studies for multi-family development have already been completed for the property as well, offering a valuable contribution to addressing the city's housing crisis.
Feasibility studies for multi-family development have already been completed for the property as well, offering a valuable contribution to addressing the city's housing crisis.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Condition | Build to Suit | Total Lot Size | 0.80 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CM3 - CM-3 (commercial zoning) | ||
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.80 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | CM3 - CM-3 (commercial zoning) |
1 LOT AVAILABLE
Lot
| Lot Size | 0.80 AC |
| Lot Size | 0.80 AC |
DESCRIPTION
Feasibility study completed for multi-family development. - 190,700 SF w/ 5,000 SF ground floor retail - 7 stories - 215 units - 68 parking stalls
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,391,440 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,391,440
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