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NE 42nd St & NE Prescott St
Portland, OR 97218
Land For Sale
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0.16 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.16 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | R2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.16 AC |
| No. Stories | 1 |
| Zoning | R2 |
DESCRIPTION
The apartments will grace the corner of NE 42nd and Prescott Street, a sunny lot that’s been vacant for more than fifty years. The site is the gateway to the 42nd Avenue commercial district; a fast-growing Portland sub-market. Trendy coffee shops, destination restaurants, pubs and boutiques are all within easy walking distance. New Seasons, the Beaumont-Wilshire business district, and the Alberta Arts district are also nearby. While many neighborhoods in Portland are becoming oversaturated with new residential construction, there are few multi-family developments in this coveted area. The Jacks will bring additional vitality to the neighborhood, with high-quality living and retail spaces.
PROPERTY TAXES
| Parcel Number | R316169 | Improvements Assessment | $1,047,650 |
| Land Assessment | $525,000 | Total Assessment | $1,572,650 |
PROPERTY TAXES
