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    2734-2738 Alberta St Portland, OR 97211

    Sponsored
    For Sale
    $495,000

    Prime 2,500 SF Commercial Land

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    331
    This exceptional 2,500 square foot commercial lot is ideally situated in Portland, Oregon's vibrant Alberta Arts District at 2734-2738 NE Alberta St, zip code 97211. The property boasts a CM2 zoning designation, allowing for a diverse range of development opportunities. This includes retail, office space, residential units, and limited manufacturing, with potential for buildings up to four stories (or five with bonus provisions). The lot's location offers unparalleled access to public transportation, being situated directly on a TriMet bus line and a short distance from a popular bike boulevard. Its corner location ensures high visibility and accessibility. The surrounding area is thriving, featuring a rich mix of established businesses, including Pine State Biscuits, Great Notion Brewing, Euphoria Food, Wun Two barber, Lesley Evers clothing, Chilango Vegan Mexican, a food cart pod, Thicket Garden Center, The Knock Back, Le Chat Du Cafe, and Baerlic Beer Co., among many others. The CM2 zoning allows for a 2.5:1 Floor Area Ratio (FAR), increasing to 4:1 with bonus provisions. Parking requirements vary depending on the proposed use and proximity to transit. This presents a unique investment opportunity in a highly sought-after location with significant development potential. The asking price for this remarkable property is $495,000.

    Property Features for 2734-2738 Alberta St

    General Information

    Property type
    Land

    HighLights

    • $495,000 asking price for a 2,500 sq ft commercial land parcel.
    • Located at 2734‑2738 NE Alberta St, Portland, OR 97211.
    • CM2 zoning allows for a variety of commercial and mixed‑use developments, potentially up to five stories.
    • Prime location in the Alberta Arts District, near numerous businesses and transit.
    • Land value is $198 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.637076
    Latitude
    45.558923

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    FAQs

    What type of property is this?
    Land - Prime 2,500 SF Commercial Land
    Where is this land located?
    The property is located at 2734-2738 Alberta St Portland, OR.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for a 2,500 sq ft commercial land parcel.; Located at 2734-2738 NE Alberta St, Portland, OR 97211.; CM2 zoning allows for a variety of commercial and mixed-use developments, potentially up to five stories.
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    2734-2738 Alberta St Portland, OR 97211
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    Portland, OR 97211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2734-2738 Alberta St Portland, OR 97211
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