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969 SW 2nd Ave - Second & Salmon 0.33 Acres of Commercial Land Offered at $3,750,000 in Portland, OR 97204
Investment Highlights
- Currently operating as surface parking (existing cash flow)
- Prime SW Portland address with high visibility & foot traffic
- Strong surrounding daytime & evening pedestrian activity
- Conceptual plans for food cart pod
- Located in the center of Downtown Portland right next to the Court House, walking distance to the river front.
Executive Summary
*Exceptional opportunity to acquire a highly visible downtown Portland parcel currently operating as an income-generating surface parking lot. Located in the heart of the city at SW Salmon & Third, this site offers outstanding foot traffic, accessibility, and urban exposure.
*The current owner is almost through the permitting process to develop the un-used side of the parcel into a food cart pod — one of Portland's most iconic and profitable commercial formats. Food cart pods have become a cornerstone of Portland's culinary culture, drawing consistent local and tourist traffic. The parcel's flexibility allows for various development directions for the right buyer or investor.
*Whether you execute the food cart pod vision or explore alternative development possibilities, this downtown location offers rare flexibility in one of Oregon's most dynamic urban markets.
• Currently operating as surface parking (existing cash flow)
• Conceptual plans for food cart pod
• Prime SW Portland address with high visibility & foot traffic
• Located in the center of Downtown Portland right next to the Court House, walking distance to the river front.
• Strong surrounding daytime & evening pedestrian activity
*The current owner is almost through the permitting process to develop the un-used side of the parcel into a food cart pod — one of Portland's most iconic and profitable commercial formats. Food cart pods have become a cornerstone of Portland's culinary culture, drawing consistent local and tourist traffic. The parcel's flexibility allows for various development directions for the right buyer or investor.
*Whether you execute the food cart pod vision or explore alternative development possibilities, this downtown location offers rare flexibility in one of Oregon's most dynamic urban markets.
• Currently operating as surface parking (existing cash flow)
• Conceptual plans for food cart pod
• Prime SW Portland address with high visibility & foot traffic
• Located in the center of Downtown Portland right next to the Court House, walking distance to the river front.
• Strong surrounding daytime & evening pedestrian activity
Property Facts
| Price | $3,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.33 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | CXd - Central commercial downtown zoning | ||
| Price | $3,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.33 AC |
| Opportunity Zone |
Yes |
| Zoning | CXd - Central commercial downtown zoning |
1 Lot Available
Lot 4000
| Price | $3,750,000 | Lot Size | 0.33 AC |
| Price Per AC | $11,261,261.26 |
| Price | $3,750,000 |
| Price Per AC | $11,261,261.26 |
| Lot Size | 0.33 AC |
Level & fully paved - used as a parking lot.
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R245990 | Improvements Assessment | $0 |
| Land Assessment | $2,587,130 | Total Assessment | $2,587,130 |
Property Taxes
Parcel Number
R245990
Land Assessment
$2,587,130
Improvements Assessment
$0
Total Assessment
$2,587,130
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969 SW 2nd Ave - Second & Salmon
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