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CM3 Commercial Development Site
New
For Sale
$2,200,000

1840 NE SANDY, Portland, OR 97232

CM3 zoning supports mixed-use, commercial, retail, office, and residential development.

Property Size2,548 SF
Price / SF$863.42
Days on Market4

Property Features for 1840 NE SANDY

General Information

Standard status Active
Size 2,548 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,138

Amenities

Central air
Composition Roof
Forced Air Heating
Membrane Roof
Off Street
On street
Wall Furnance Heating
Wall Unit Cooling

Building Details

Year Built 1934
Listing Agency: MORE REALTY
Listed By: ANN-MARIE NAVA
Source: Corcoran
Added: Sep 8 Changed: Sep 9 Last Checked: Sep 10 at 5:57AM

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 MORE REALTY

Investment Insights

Based on property information with market context.

This commercial land offering includes two tax lots within Portland’s Sandy Boulevard Plan District. The site carries CM3 zoning, which supports high-density mixed-use, commercial, retail, office, and residential development. Existing grandfathered sign frontage adds a defined signage component to the property’s exposure along Sandy Boulevard.

The property is addressed at 1840 NE SANDY, with the sale also including the tax lot address 1818 NE Sandy Blvd. Plan District frontage and façade standards apply to the site, providing established parameters for future design and development. The corridor is identified as one of Portland’s busiest Civic Corridors, and the property’s Sandy Boulevard position supports prominent street presence.

Key Highlights

  • CM3 zoning supports high‑density mixed‑use, commercial, retail, office, and residential development
  • Two tax lots included in the offering
  • Grandfathered sign frontage along Sandy Boulevard

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Mobile Phone Store (Bike/Boat/Book/etc) Store Tanning Salon Florist Clothing & Fashion Store Adult Day Care

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

3,844
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - CM3 zoning supports mixed-use, commercial, retail, office, and residential development.
Where is this commercial land located?
The property is located at 1840 NE SANDY Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: CM3 zoning supports high‑density mixed‑use, commercial, retail, office, and residential development; Two tax lots included in the offering; Grandfathered sign frontage along Sandy Boulevard
More about this property
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