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NE 5th and NE Cleveland - Vacant Land NE 5th St. Gresham 0.68 Acres of Residential Land Offered at $1,150,000 in Gresham, OR 97030

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Investment Highlights

Ideal Location

Level site

Property Facts

Price	$1,150,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Condo Single Family Development
No. Lots	1	Total Lot Size	0.68 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DRL-2 - Zoned DRL-2, a mixed-use sub-district, will allow single detached dwellings while also allowing duplexes, triplexes, quadplexes, townhouses, cottage c

Price	$1,150,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Condo Single Family Development
Total Lot Size	0.68 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DRL-2 - Zoned DRL-2, a mixed-use sub-district, will allow single detached dwellings while also allowing duplexes, triplexes, quadplexes, townhouses, cottage c

1 Lot Available

Lot 1 &2

Price	$1,150,000	Lot Size	0.68 AC
Price Per AC	$1,691,176.47

Price	$1,150,000
Price Per AC	$1,691,176.47
Lot Size	0.68 AC

Description

Prime development parcels are perfectly positioned in vibrant Historic Downtown Gresham, bustling with delightful restaurants, trendy shops, and an array of local amenities. Zoned DRL-2, a mixed-use sub-district, will allow single detached dwellings while also allowing duplexes, triplexes, quadplexes, townhouses, cottage clusters, multifamily, and small-scale commercial activities. All utilities available. This rare gem presents more than just land; it offers limitless potential in an area ripe for growth and development. Buyer to verify all information and development potential with the City of Gresham.