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    525 Oak St Portland, OR 97214

    For Sale
    Contact for pricing

    Prime 10,000 SF development site.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10,000 square foot commercial land parcel presents a remarkable redevelopment opportunity in Portland's vibrant Central Eastside submarket. Situated at 525 SE Oak Street, this quarter-block site boasts an enviable location just one block from the bustling commercial corridor of SE Grand Avenue at 6th and Oak. The property includes a 3,000 square foot building currently leased month-to-month, offering immediate income potential for an owner-user or flexibility for redevelopment. The expansive yard area adds to the property's versatility. Zoned EX, the most flexible zoning designation in the city, allows for a wide range of uses, including retail, office, multi-family residential, and light industrial developments. This zoning, coupled with a favorable floor area ratio (FAR) and height restrictions, permits the construction of a building up to 7-8 stories high. The property offers excellent access to major freeways, downtown Portland, and the Pearl District. Seller financing may be available for qualified buyers. This is an unparalleled chance to acquire a highly desirable property in one of Portland's most sought-after locations.

    Property Features for 525 Oak St

    General Information

    Property type
    Land
    Square Feet
    10,000 SF
    Class
    A

    Building Details

    Buildings
    1

    HighLights

    • 10,000 SF Class A commercial land parcel in Portland, OR.
    • Located in the desirable Central Eastside submarket, one block from SE Grand Ave.
    • EX zoning allows for retail, office, multi‑family, and light industrial uses.
    • Includes a 3,000 SF building currently leased month‑to‑month.
    • Seller financing may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Pharmacy Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6600112
    Latitude
    45.5202956

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    FAQs

    What type of property is this?
    Land - Prime 10,000 SF development site.
    Where is this land located?
    The property is located at 525 Oak St Portland, OR.
    What are key features of this property?
    This property features: 10,000 SF Class A commercial land parcel in Portland, OR.; Located in the desirable Central Eastside submarket, one block from SE Grand Ave.; EX zoning allows for retail, office, multi-family, and light industrial uses.
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    525 Oak St Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    525 Oak St Portland, OR 97214
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