105-147 NW 2nd St & 225 NW Miller Ave, Gresham, OR 97030

Located in the historic downtown area of Gresham, this offering consists of three tax lots totaling 34,116 square feet of developable land at the corner of NW 2nd St. and NW Miller Ave. The location has a walkscore of 90, offering convenient access to restaurants, shops, parks, and a movie theater. It is a half-block from one of Multnomah County’s busiest libraries and five blocks from the Gresham Central Transit Center MAX Station. The MAX Blue Line provides service every 10 minutes. Bus service stops one block from the location. Zoned DCC (Downtown Commercial Core), the site allows a variety of uses with an 85 foot height limit. Preliminary plans exist for a high-end mixed-use building with 90 apartment units, averaging 708 square feet, and approximately 2,450 square feet of retail/commercial space. The design has been vetted through the City of Gresham’s Pre-App Conference and Early Design Consult programs. Significant development incentives from the City of Gresham and the state Metro Transit Oriented Development programs are anticipated, and the completed project is expected to qualify for a 10-year, 80% property tax exemption. The completed project will provide an easy commute to downtown Portland. Gresham’s population and household formation growth are strong, and the location is suitable for new development. The Historic District of Downtown Gresham offers over 150 shops, restaurants, and service businesses. Community events include the weekly outdoor Farmer’s Market, located directly across the street from this site, as well as the arts and entertainment scene of the “3rd Thursday” during the summer months. Gresham is also home to the Mt. Hood Jazz Festival.