Overview

Description

Permit-Ready Multifamily Development Site in NE Portland

83 Projected Units Including Live / Work • High-Visibility Location

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Sale Price: $2,990,000

Total Land Area: 19,200 SF (4 Parcels)

Projected Units: 83 Units (74 Residential + 9 Live/Work)

Total Gross Area (All Buildings): 46,139 SF

Total Rentable Area (All Buildings): 35,118 SF

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Property Features:

• Multifamily Development Site in NE Portland

• Fully-Engineered, Permit Ready Opportunity for 83 Units (74 Apartments + 9 Live-Work Units)

• 62 Studio and 21 1-Bedroom Units Ranging from 336 - 702 Average Sq. Ft.

• Buildings 1-3 have 21 Total Units Each, with Building 4 having 20 Total Units (Incl. Live-Work)

• High-Visibility Location along NE MLK Corridor

Location

• Located on the Bustling Corridor of NE MLK Jr Blvd in Inner Northeast Portland

• Multiple Bus Lines within Short Walking Distance

• Just East of Shopping and Dining Districts along N Williams Avenue and N Mississippi Avenue

• Highlights within 1/2 Mile Include True Value, Cafe Olli, Life of Pie, Migration Brewing, Lua, Ding Tea, New Seasons Market, Mud Bay, Yes Please, Maui’s

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