12224 Ash St Portland, OR 97233

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.