SW 3rd Ave & SW Oak St - Development Site 0.23 Acres of Commercial Land in Portland, OR 97204
INVESTMENT HIGHLIGHTS
- OPPORTUNITY ZONE: The SW 3rd & Oak site is located within a Qualified Opportunity Zone.
- PROXIMITY TO MAJOR EMPLOYERS: Located in Portland's CBD and there are approximately 272,000 employees within two-miles of the site.
- HOTEL SITE: Its location in Portland's CBD, within close proximity to large employers and amenities makes the site will suited for hotel development.
- ACCESS TO TRANSIT: The site is only two blocks away from the MAX light rail, has convenient access to all MAX lines, as well as numerous bus stops.
- FUTURE MULTIFAMILY IS SCARCE: Apartment demand continues to escalate, while occupancy rates and rents are forecasted to keep increasing.
EXECUTIVE SUMMARY
AVAILABLE ADDITIONAL FAR: The Site comes with an additional 96,000 SF of FAR from neighboring properties, that can be allocated to a new development.
ADDITIONAL TERMS: Additional Terms are applicable and are provided in the virtual deal room for review. Please execute the confidentiality agreement and call the CBRE listing team for further information.
ADDITIONAL TERMS: Additional Terms are applicable and are provided in the virtual deal room for review. Please execute the confidentiality agreement and call the CBRE listing team for further information.
PROPERTY FACTS
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.23 AC |
| Opportunity Zone |
Yes |
| Zoning | Central Commercial (CXd) |
1 LOT AVAILABLE
Lot
| Lot Size | 0.23 AC |
10,000 SF (+/-) development site in downtown Portland and a qualified opportunity zone.
DESCRIPTION
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire the SW 3rd & Oak site, an approximately 10,000 square foot development site in downtown Portland, Oregon. The Site is located within a Quali?ed Opportunity Zone and is surrounded by job centers, lifestyle amenities and boasts superior access to transit.
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (93)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R246035 | Improvements Assessment | $0 |
| Land Assessment | $1,626,430 | Total Assessment | $1,626,430 |
