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Mixed-Use Senior Housing and Medical Office
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2627 NE Oregon St, Portland, OR 97232

Multi-phased development with office, medical office, and senior housing components under CM3d,m zoning and a 120' height limit.

Property Size100,000 SF
Lot Size0.46 Acres
Days on Market1352

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

Additional Details

Business Included No
Listing Agency: Apex Real Estate Partners
Listed By: Nathan Sasaki
Source: Moodyscre
Added: Nov 16, 2022 Changed: Jul 28 Last Checked: Jul 29 at 12:53PM

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.

The property at 2627 NE Oregon St, Portland, OR 97232 is a multi-phased planned development project described as Sandy Blocks, designed for five blocks. The offering includes an office/medical office/senior housing building program with a stated total building size of up to approximately ±100,000 RSF. Delivery is available for sale either as delivered fee simple (April 2020) or as BTS with ground breaking targeted for April 2020.

The land area is listed at approximately ±20,038 SF (about 0.46 acres). Zoning is CM3d,m with a Center Main Street overlay, with a base FAR of 5:1 and noted potential to acquire additional FAR. The maximum height is stated as 120 feet.

Key Highlights

  • Planned multi‑phased development project for 5 blocks with office, medical office, and senior housing components
  • Up to ±100,000 RSF total building size, with opportunities to acquire additional FAR
  • Zoned CM3d,m (Commercial Mixed Use 3 with Design) with Center Main Street overlay

Property Analytics

Current Use

Medical Office Space

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.

Location Intelligence

Trade Area within ½ mile

2,890
Businesses Nearby
Under-served
Demand for This Use

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

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
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Frequently Asked Questions

What type of property is this?
Senior housing / Retirement Home - Multi-phased development with office, medical office, and senior housing components under CM3d,m zoning and a 120' height limit.
Where is this senior housing / retirement home located?
The property is located at 2627 NE Oregon St Portland, OR.
What are key features of this property?
This property features: Planned multi‑phased development project for 5 blocks with office, medical office, and senior housing components; Up to ±100,000 RSF total building size, with opportunities to acquire additional FAR; Zoned CM3d,m (Commercial Mixed Use 3 with Design) with Center Main Street overlay
(503) 708-3813 Call to check price and availability
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