Listing Agency: Apex Real Estate Partners n***@apexcre.com Show Phone

Listed By: Nathan Sasaki Show Phone

Source: Moodyscre

Added: Apr 3, 2024 Changed: Aug 8 Last Checked: Aug 21 at 10:25AM

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Investment Insights

Based on property information with market context.

Located in Portland's Pearl District, this land offers an opportunity for development. The site has received approval for a nine-story hotel spanning approximately 170,000 square feet. The approved plans include a potential 226 rooms, event space, a restaurant and bar, a rooftop event and pool area, and an underground parking garage. The land size is 20,000 square feet, which is equivalent to 0.46 acres. The zoning is EXD – Central Employment. Site utilities, including underground electrical lines and vaults, were installed in 2022 and 2023. The height allowance is 75 feet, with potential bonuses up to 250 feet. The floor area ratio (FAR) is 5:1, with potential bonuses up to 8:1. The historical/special allocation FAR is 3.69:1. Development entitlement plans may be provided to the buyer as part of the sale process.

Key Highlights

• Approved development for a nine‑story hotel spanning ± 170,000 sf in Portland's Pearl District.
• Potential for 226 rooms, event space, restaurant/bar, rooftop pool/event area, and underground parking.
• Development entitlement plans available to buyer.

Property Analytics

Property Profile

Current Use

GSF Hotel Hotel & Motel

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon Supermarket Butcher Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,690

Businesses Nearby

Explore this area Business Placement

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Frequently Asked Questions

What type of property is this?

Land - Land with approved plans for a nine-story hotel.

Where is this land located?

The property is located at 1202 NW Irving St Portland, OR.

What are key features of this property?

This property features: Approved development for a nine‑story hotel spanning ± 170,000 sf in Portland's Pearl District.; Potential for **226 rooms, event space, restaurant/bar, rooftop pool/event area, and underground parking.**; Development entitlement plans available to buyer.