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    1462 Naito Pkwy Portland, OR 97209

    Sponsored
    For Sale
    $18,500,000

    Prime 2.76-acre waterfront development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.76-acre waterfront development parcel, located at 1462 NW Naito Pkwy in Portland, Oregon's vibrant Pearl District, presents a unique investment opportunity. Situated directly on the Willamette River, this property boasts approximately 370 linear feet of river frontage. The land, identified by APN R298548, is zoned EXdeg, permitting a diverse range of development options including multifamily residential, mixed-use, retail, office, hospitality, and warehouse/manufacturing uses. The asking price is $18,500,000. The sale includes an existing 59,557 square foot warehouse structure. This significant property, encompassing 120,225 square feet, is located within an Opportunity Zone, offering potential tax advantages. Its prime location and versatile zoning make it ideal for a large-scale development project capitalizing on the area's thriving urban environment and stunning waterfront views. This is a rare chance to acquire a substantial parcel in one of Portland's most desirable neighborhoods. The property's size and zoning flexibility provide exceptional potential for a high-impact development.

    Property Features for 1462 Naito Pkwy

    General Information

    Property type
    Land
    Lot Size
    120,226 SF

    HighLights

    • 2.76‑acre waterfront development site in Portland's Pearl District.
    • 370' of Willamette River frontage.
    • Zoned for multifamily, mixed‑use, retail, office, and hospitality development.
    • Includes a 59,557 SF existing warehouse.
    • Located within an Opportunity Zone.
    • 120,225 square foot land area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Largo Concrete Concrete Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.68260168
    Latitude
    45.53446395

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    FAQs

    What type of property is this?
    Land - Prime 2.76-acre waterfront development site.
    Where is this land located?
    The property is located at 1462 Naito Pkwy Portland, OR.
    What is the asking price?
    The asking price for this property is $18,500,000.
    What are key features of this property?
    This property features: 2.76-acre waterfront development site in Portland's Pearl District.; 370' of Willamette River frontage.; Zoned for multifamily, mixed-use, retail, office, and hospitality development.
    (503) 222-2655
    Request Owner's contact information
    1462 Naito Pkwy Portland, OR 97209
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    Portland, OR 97209
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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
    1462 Naito Pkwy Portland, OR 97209
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