Overview
Versatile Land Development Opportunity
Located in the Overlook neighborhood, this property offers versatile land development opportunities due to its CM1 zoning, suitable for office, retail, business, residential, multi-family, live-work, and ADU developments. The buildings and property were previously utilized for professional services, office spaces, and material storage. The office building includes a lobby/reception area, two separate work areas, a full kitchen, a full bath, and a partial unfinished basement. A detached 30'x18' garage/shop/storage/studio, constructed in 2000, features a cement floor, lofted storage, two overhead doors, and a separate electrical panel. Newer roofs have been installed on the buildings. The 1054 square foot property benefits from high traffic, making it suitable for various business ventures and desired developments. It is conveniently located near restaurants, coffee shops, pubs, shops, a walking path, Madrona Park, Arbor Lodge Park, Peninsula Park and Rose Garden, the University of Portland, and the Adidas Campus, and is only three blocks from the Max light rail. The property is also near the Willamette Bluff Greenway, a part of the Willamette River Greenway system, offering scenic views of the river and surrounding landscape.
