2734-2738 NE Alberta St, Portland, OR 97211

This corner lot is located in the heart of the Alberta Arts District, near numerous shops, restaurants, bars, and businesses. The property benefits from its location on the TriMet bus line and proximity to the Going Street bike boulevard. Neighboring businesses include Pine State Biscuits, Great Notion Brewing, Euphoria Food, Wun Two barber, Lesley Evers clothing, Chilango Vegan Mexican Food cart pod, Thicket Garden Center, The Knock Back, Le Chat Du Cafe, and Baerlic Beer Co, among others. The CM2 zone is a medium-scale, commercial mixed-use zone intended for sites in centers and corridors, mixed-use areas served by frequent transit, or within areas zoned for multi-dwelling development. Buildings in this zone are generally expected to be up to four stories, with bonuses allowing up to five stories in some locations. Specific allowable uses include retail sales and services, office space, household living, vehicle repair, institutional uses, and limited manufacturing uses. The zoning allows for a 45-foot maximum height, generally four stories, increasing to 55 feet (5 stories) with bonus provisions in some areas. The floor area ratio (FAR) is 2.5:1, increasing to 4:1 with bonus provisions. Parking is generally not required for non-residential uses or for residential development containing fewer than 30 dwelling units when located near transit. Parking is generally required for larger residential or mixed-use developments and in locations farther from transit.