Fenced Commercial Land With
For Sale
$500,000
S WATER Ave, Portland, OR 97201
Land, Portland, OR
Property SizeContact for details
Lot Size0.12 Acres
Days on Market213
Property Features for S WATER Ave
General Information
Property type
Land
Property subtype
Other
Zoning
CI2
View
City
Elementary school
Ainsworth
Middle school
West Sylvan
High school
Lincoln
Directions
Corner of S Woods St & S Water Ave
Subdivision
_148
Standard status
Active
APN
R128809
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
CARUTHERS ADD, BLOCK 45, E 38' OF LOT 4
Tax Annual Amount
3844
Legal Description
CARUTHERS ADD, BLOCK 45, E 38' OF LOT 4
Listing Agency:
Kelly Right Real Estate of Portland, LLC
(503) 719-6056
Listed By:
Jacob Serrill · License #201228311
(503) 780-7521
Added: Jan 23
Changed: Aug 22
Last Checked: Aug 24 at 2:06PM
MLS# 737111963
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering combines three contiguous parcels at the west end of the Ross Island Bridge. The tract has official dimensions of 106 feet by 50 feet, totaling 5,300 SF, while the existing irregular paved parking area extends to approximately 7,500 SF and is fully fenced. The property is currently leased to a towing company through March 2028, with 3% annual increases and limited owner responsibilities beyond property taxes.
The parcels sit immediately adjacent to 3029 S Water Ave in Portland’s South Waterfront area, near OHSU and multiple planned mixed-use developments. The site carries CI2 zoning and is located within an Opportunity Zone. Tax IDs are R128811, R128810, and R128809.
The parcels sit immediately adjacent to 3029 S Water Ave in Portland’s South Waterfront area, near OHSU and multiple planned mixed-use developments. The site carries CI2 zoning and is located within an Opportunity Zone. Tax IDs are R128811, R128810, and R128809.
Key Highlights
- Three contiguous parcels with official dimensions of 106' x 50'
- Existing irregular paved parking area measures approximately 7,500 SF
- Fully fenced site currently leased to a towing company through March 2028
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Three contiguous parcels provide leased, paved parking use with CI2 zoning near Portland’s South Waterfront.
Where is this commercial land located?
The property is located at S WATER Ave Portland, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three contiguous parcels with official dimensions of 106' x 50'; Existing irregular paved parking area measures approximately 7,500 SF; Fully fenced site currently leased to a towing company through March 2028
