SW 2nd Ave & SW Alder St Portland, OR 97204

Listing agency Capacity Commercial Group n***@capacitycommercial.com Show Phone

Listed by Nicholas Diamond · License #OR #200403266

Source Corfac

Added: Jan 26 Updated: Jul 6 at 9:28AM Checked: Jul 21 at 5:55AM

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Investment Insights

Based on property information with market context.

This 0.90-acre (39,000 SF) development site is located in the Portland Central Business District, at the west end of the Morrison Bridge. The property is situated in an Opportunity Zone and features CXd (Central Commercial with Design Overlay) zoning within the Central City Plan District, allowing for high-density urban development. The zoning allows for a 9:1 FAR (351,000 SF) and a base height of 235 feet (325 feet with bonus). The site benefits from high visibility from the river and its adjacency to Tom McCall Waterfront Park. It is close to downtown amenities and attractions, including Pioneer Place, the World Trade Center, and the AC Hotel by Marriott. Trimet MAX Light Rail Blue & Red Lines run through the site on SW 1st Avenue. The site is suitable for multifamily, mixed-use, retail, or office developments. The site currently operates as surface parking, presenting an income opportunity.

Key Highlights

• High‑Density Development Opportunity: Take advantage of the 9:1 FAR (351,000 SF) and 235' Height (325' with Bonus) for significant development potential.
• Opportunity Zone: Located in an Opportunity Zone, offering potential tax benefits.
• Prime CBD Location: Prominently situated at the west end of the Morrison Bridge in the Central Business District.

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FAQs

What type of property is this?

Commercial land - High-density development site in Portland's Central Business District.

Where is this commercial land located?

The property is located at SW 2nd Ave & SW Alder St Portland, OR.

What are key features of this property?

This property features: High‑Density Development Opportunity: Take advantage of the 9:1 FAR (351,000 SF) and 235' Height (325' with Bonus) for significant development potential.; Opportunity Zone: Located in an Opportunity Zone, offering potential tax benefits.; Prime CBD Location: Prominently situated at the west end of the Morrison Bridge in the Central Business District.