8424 N Crawford St - Steel Hammer Site 4.45 Acres of Commercial Land Offered at $7,000,000 in Portland, OR 97203

This 4.46 acre property is highly unique opportunity for redevelopment in the growing and gentrifying St. Johns neighborhood. The site is one of the largest continguous mixed use zoned development sites in the City. Property has spectacular views and access to the Willamette river; iconic St. Johns bridge and Forest Park. Excellent Multi-family phased development site and even better for senior housing/skilled nursing project. Access to downtown Portland and Pearl District is only 15 minutes away via Hwy 30/NW Yeon Ave. Smaller parcels (1 acre) can be purchased separately. Example 4 aproximate 50,000 sf individual parcels but ownership far more motivated and price friendly for sale of the entire property. The property has been recently rezoned to mixed use (CM3) which has great height and FAR possibilities. Topography is generally flat and ready for development. A Prospective Purchaser Agreement is in process which will allow any buyer liability protection from any previous contamination which is fairly minor. Various architectural site studies has revealed that the property phas the capacity to accomodate more than 450 units while maintaining a highly desirable 1:1 parking. Local Improvement District (LID) has been approved by the city which will bring all new streets; curbs; quiet rail crossings: upgraded utilities thus relieving a owner from expensive off site required improvements. Some great retail; entertainment; restaurants; coffee shops; grocery nearby in the quaint St. Johns village. Beloved Cathedral Park and boat ramp blocks away and the 30 acre greenspace park of Metro's Willamette Cove is adjacent to site. Demolition of older industrial buildings underway and site will be delivered "ready to go" Ownership may be able to provide short term financing and also allow for liberal due diligence timeframes. Adjacent waterfront site also for sale allowing for owner/user/developer to control close to 10 acres of mixed use property along the river!