Versatile Land Development
For Sale
$568,500
5816 N GREELEY, Portland, OR 97217
Buildings and land for sale in a rapidly transitioning area.
Property Size1,054 SF
Price / SF$539.37
Days on Market444
Property Features for 5816 N GREELEY
General Information
Standard status
Active
Size
1,054 SF
Taxes and HOA fees
Annual Taxes
$3,169
Building Details
Year Built
1914
Listing Agency:
PREMIERE PROPERTY GROUP, LLC
Listed By:
TRACY KEEGAN
Source:
Corcoran
Added: Jun 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 PREMIERE PROPERTY GROUP, LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- CM1 Zoning allows for versatile land development opportunities.
- Amazing location in the desirable "OVERLOOK" neighborhood.
- High traffic area ideal for business and/or development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Buildings and land for sale in a rapidly transitioning area.
Where is this mixed-use property located?
The property is located at 5816 N GREELEY Portland, OR.
What is the asking price?
The asking price for this property is $568,500.
What are key features of this property?
This property features: CM1 Zoning allows for versatile land development opportunities.; Amazing location in the desirable "OVERLOOK" neighborhood.; High traffic area ideal for business and/or development.
