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12224 Ash St Portland, OR 97233

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For Sale
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68-unit potential, prime location.

Property Features for 12224 Ash St

General Information

Property type
Multifamily properties

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Listing Contact
Denise Brohoski
Denise Brohoski

Listing Agent: Denise Brohoski

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 7,049 square foot land parcel presents a remarkable redevelopment opportunity in Portland, Oregon. Located at 12224 SE Ash Street, in Multnomah County, zip code 97233, this commercially zoned property (CM3) offers a maximum floor area ratio (FAR) of 5:1 with bonus potential, allowing for a building height up to 100 feet or approximately 68 apartment units. The asking price is $645,000, translating to $132.78 per square foot. The site boasts exceptional visibility and accessibility, situated directly across from TriMet's Menlo Park Park & Ride and just one block from MAX Bus Stop ID 6621 and MAX Light Rail Stop ID 8349. Daily traffic counts on SE Ash Street reach 40,547 vehicles, ensuring high visibility for any development. The property's convenient location is further enhanced by its proximity to local amenities, including Ventura Grade School (three blocks away), several parks within walking distance, and easy access to I-205 and the Mall 205 shopping center. This prime location, combined with the generous zoning allowances, makes this an ideal site for a multi-family or mixed-use development catering to the growing demand for housing and commercial space in Southeast Portland. The area is also known for its vibrant atmosphere, with a diverse selection of restaurants, pubs, and coffee shops nearby.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

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  • Local Demand
City
Portland
County
Multnomah
State
Oregon
Longitude
-122.5368879
Latitude
45.5210466

FAQs

What type of property is this?
Multifamily property - 68-unit potential, prime location.
Where is this multifamily property located?
The property is located at 12224 Ash St Portland, OR.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: $645,000 asking price for 7,049 sq ft land parcel.; CM3 (Commercial Mixed Use 3) zoning allows for high-density development.; Land value: $132.78/sq ft.
(503) 309-5106 Call to check price and availability
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