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Office Building with CM3d,m Zoning
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2627 NE Oregon St, Portland, OR 97232

Planned multi-phased office building site zoned CM3d,m with a Center Main Street overlay and base FAR potential.

Property Size100,000 SF
Lot Size0.46 Acres
Days on Market1114

Property Features for 2627 NE Oregon St

General Information

Standard status Active
Size 100,000 SF
Lot size 0.46 Acres
Property subtype OFFICE
Zoning CM3d,m
Listing Agency: Apex Real Estate Partners
Listed By: Nathan Sasaki
Source: Moodyscre
Added: Jul 13, 2023 Changed: Jul 29 Last Checked: Jul 29 at 7:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apex Real Estate Partners

Investment Insights

Based on property information with market context.

This office building site supports up to ±100,000 RSF and is described as a multi-use concept spanning office/medical office/senior housing components within a planned, multi-phased development. The site plan contemplates a base FAR of 5:1, with stated potential to acquire additional FAR, and a maximum building height of 120'.

The property is positioned at 2627 NE Oregon St in Portland, OR 97232. The land size is ±20,038 SF (±0.46 AC). Zoning is listed as CM3d,m with a Center Main Street overlay.

Delivery is described as either a sale delivered fee simple in April 2020 or BTS with breaking ground in April 2020.

Key Highlights

  • Up to ±100,000 RSF office/medical office/senior housing development scope
  • ±20,038 SF (±0.46 AC) land area
  • Zoned CM3d,m with Center Main Street overlay

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Spa & Massage Center Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,890
Businesses Nearby

Demographics for 97232, OR

15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value

Market

Lease Benchmarks for Portland, OR

$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 SF
Avg Space Size

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Planned multi-phased office building site zoned CM3d,m with a Center Main Street overlay and base FAR potential.
Where is this office building located?
The property is located at 2627 NE Oregon St Portland, OR.
What are key features of this property?
This property features: Up to ±100,000 RSF office/medical office/senior housing development scope; ±20,038 SF (±0.46 AC) land area; Zoned CM3d,m with Center Main Street overlay
(503) 708-3813 Call to check price and availability
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