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97th Avenue
Portland, OR 97220
The Gateway · Land For Sale
·
6.43 AC


Executive Summary
The property consists of 31 contiguous tax parcels encompassing three full city blocks and several partial blocks. The site benefits from a 6:1 floor area ratio, with additional bonus density potential, and permits building heights of up to 120 feet.
Situated within Portland’s emerging Gateway neighborhood, the property features frontage along NE 97th Avenue, NE 99th Avenue, NE 100th Avenue, NE Couch Street, and the soon-to-be-developed NE Davis Street.
Infrastructure improvements are already underway, with construction having commenced on NE Davis Street between NE 97th and NE 99th Avenues and along NE 97th Avenue from NE Davis Street to E Burnside Street. These improvements are laying the groundwork for future 10- to 14-story mixed-use developments throughout the Gateway district.
Phase I of the Gateway Street Plan includes new streets, curbs, sidewalks on both sides of the roadway, landscaping, and the installation of grass and trees. Phase II improvements are scheduled to follow upon completion of Phase I, further enhancing the area’s appeal and supporting continued redevelopment.
Situated within Portland’s emerging Gateway neighborhood, the property features frontage along NE 97th Avenue, NE 99th Avenue, NE 100th Avenue, NE Couch Street, and the soon-to-be-developed NE Davis Street.
Infrastructure improvements are already underway, with construction having commenced on NE Davis Street between NE 97th and NE 99th Avenues and along NE 97th Avenue from NE Davis Street to E Burnside Street. These improvements are laying the groundwork for future 10- to 14-story mixed-use developments throughout the Gateway district.
Phase I of the Gateway Street Plan includes new streets, curbs, sidewalks on both sides of the roadway, landscaping, and the installation of grass and trees. Phase II improvements are scheduled to follow upon completion of Phase I, further enhancing the area’s appeal and supporting continued redevelopment.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.43 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | RX | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 6.43 AC |
| Opportunity Zone |
Yes |
| Zoning | RX |
1 Lot Available
Lot
| Price | $19,990,000 | Lot Size | 6.43 AC |
| Price Per AC | $3,108,864.70 |
| Price | $19,990,000 |
| Price Per AC | $3,108,864.70 |
| Lot Size | 6.43 AC |
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