1202 NW Irving St, Portland, OR

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

Listing date Apr 3, 2024

Source Moodyscre

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Overview

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.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Portland

County

Washington

State

Oregon

Longitude

-122.684

Latitude

45.5277

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FAQs

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.