5910 49Th Ave Portland, OR 97206

Property Details for 5910 49Th Ave

Property type

Commercial real estate

Description

This exceptional 13,000 square foot commercial lot presents a remarkable development opportunity in Portland, Oregon's vibrant Woodstock neighborhood. Located at 5910 SE 49th Avenue, this flat, rectangular parcel boasts approximately 126 feet of frontage on SE 49th Avenue, featuring two curb cuts for convenient access. The site is currently paved and offers potential for 37-43 parking spaces, a significant advantage in this bustling area. The property benefits from a high-traffic location, with an estimated 13,487 average daily traffic count at the nearby intersection of Woodstock Boulevard and SE 50th Avenue (2022 data). Its position on a bus line, with a stop at Woodstock and 49th, ensures excellent public transit access. The surrounding area is rich with amenities, including major retailers such as Safeway, Bi-Mart, Starbucks, and numerous other businesses, ensuring high visibility and foot traffic. The property's proximity to Dick's Primal Burger and the newly constructed (2022) Novus Apartments further enhances its desirability. Zoned CM2 (Commercial Mixed Use 2), this lot offers flexibility for a wide range of development projects, capitalizing on the neighborhood's thriving commercial scene and strong residential base. The area's walkability, bikeability, and proximity to parks, schools, Reed College, and the Eastmoreland Golf Course add to its appeal. This is an exceptional chance to invest in a high-growth area with significant potential for return. The asking price is $975,000.