New price adjustment! The South Portland Redevelopment site consists of ten parcels of land, totaling 43,500sf. This large assemblage of property provides a unique redevelopment opportunity offering flexibility for multifamily, mixed-use, retail, and office. Located in the highly desirable Johns Landing neighborhood, the property offers easy access, via Macadam Avenue or I-5, to downtown Portland, Lake Oswego, Sellwood, and SW Portland, amongst other areas. It is a rare opportunity that such a large, level piece of land with CM2 zoning comes available in our market for redevelopment. Presently, there are few active land listings zoned CM2, with most averaging around 7,000 SF in size, within a three-mile radius of the site, and there are no similar size parcels of CM2 land for sale nearby. In addition, the property benefits from five income-producing properties, allowing a developer to have an income stream while going through the planning and design phases with the City of Portland. Furthermore, each of the properties’ leases are month to month, allowing a developer flexibility to obtain control to meet their development timeline.