5528 SE RHONE, Portland, OR 97206

Listing agent SHAYDA ROHANI

Listing office LOVEJOY REAL ESTATE s***@lovejoyrealestate.com Show Phone

Listing date May 7, 2025

Source Corcoran

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Overview

This cleared and prepped site presents a development opportunity in Portland’s Foster-Powell neighborhood. The property offers flexibility for various development options. Current plans include a nearly permit-ready condo project featuring six units. Each condo is designed to be approximately 1,800 square feet, with three bedrooms and two and a half bathrooms. Optional rooftop decks are included in the design to capture views of Portland. Architectural plans and engineering are included with the purchase. Building permits are potentially ready for issuance in as little as 60 days. Right-of-way improvements are 90% approved. A demolition permit for the existing structures has been fully paid and approved. Lead and asbestos abatement has been completed and certified with close-out letters. Both underground oil tanks have been professionally removed and cleared through DEQ. The site is suited for building new condos or pivoting to another multi-unit concept.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Portland

County

Washington

State

Oregon

Longitude

-122.606

Latitude

45.4959

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FAQs

What type of property is this?

Commercial land - Cleared site with permit-ready condo project in Portland's Foster-Powell.

Where is this commercial land located?

The property is located at 5528 SE RHONE Portland, OR.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Permit‑ready condo project with architectural plans and engineering included, potentially issuing building permits in 60 days.; Cleared and prepped site ready for development, offering flexibility for various multi‑unit concepts.; Includes plans for six approximately 1,800 square foot condos, each with three bedrooms, two and a half bathrooms, and optional rooftop decks.