525 SE Oak St - Industrial LAND FOR SALE


Portland, OR 97214- Central Eastside10,001 SF
$1,800,000 USD
503-705-6380
525 SE Oak St, Portland, OR for Sale
$1,800,000 USD
Industrial LAND - FOR SALE
1/7
10,001 SF

525 SE Oak St
Portland, OR 97214
Central Eastside


HIGHLIGHTS

  • Site on 1/2 block running on back side of Grand, recently up-zoned for 175’ height, 9:1 FAR. Potential western views on upper floors & rooftop deck.
  • Conceptual drawing shows 10-story, mixed-use, 128-144 "affordable housing" micro units w/ ground floor residential amenities, some retail & loading.
  • Great 3500 sf industrial building for interim/long term use that would be good for shop/light manufacturing and then storage and yard area .
  • 10 yr. income tax exemption for E-overlay: orders, sales, activities that serve the business's overall purpose, even if retail in nature
  • E-commerce may be configured on ground floor w/ warehouse & mezzanine or Penthouse built as Rooftop Suite as Startup HQ.
  • 10 yr. property tax exemption for development of of affordable housing. E-commerce overlay offers 10-year property and income tax exemptions.

OVERVIEW

Here is a key well located 10,000 sf parcel with a usable 3500 sf building in the best commercial core neighborhood in Portland. The Central Eastside. This property has the city's most flexible zoning: EX which allows residential, office, light industrial, retail etc. The property is a half block of the main commercial corridor of the district of SE Grand which has 25,000 vehicles a day. The property has liberal floor to area rations and height allowances for a 7-8 story building. Excellent access to freeways and city core; 'Pearl etc. Owner can provide attractive seller financing to help facilitate a sale. Better AMT and rates from a bank or any lending source. Additionally adjacent Andy-Bax Property also for sale so 3/4 of block can be controlled

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$7,840,800/AC

PRICE/SF

$180 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Central Eastside SE 6th and Oak

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Apartment Units, Distribution, Industrial Live/Work Unit, Storefront Retail/Residential

LAND ACRES

0.23 AC

LAND SF

10,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

EXd

APN/PARCEL ID

R150202

ASK ABOUT THIS PROPERTY

Todd DeNeffeCascade Commercial Real EstateMore Info
503-705-6380

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Todd DeNeffeCascade Commercial Real EstateMore Info
503-705-6380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.