Foster Corridor Mixed-Use Development
For Sale
$345,000
9639 SE FOSTER, Portland, OR 97266
10,722 SF CM3 zoned land in Portland's Foster Corridor.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market149
Property Features for 9639 SE FOSTER
General Information
Standard status
Active
Lot size
0.25 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$2,775
Listing Agency:
REAL BROKER
(855) 450-0442
Listed By:
LISA MEHLHOFF
Source:
Corcoran
Added: Mar 16
Changed: Aug 11
Last Checked: Aug 11 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL BROKER
Investment Insights
Based on property information with market context.
This 10,722 square foot property, situated in Portland’s Foster Corridor and Lents Town Center district, presents an opportunity for investors and developers. Zoned CM3 – Commercial Mixed Use, the site offers potential for multifamily or mixed-use development along a designated urban corridor in Southeast Portland. The lot size could potentially support a 20–28 unit apartment or mixed-use project, with the possibility of ground-floor retail, live/work space, or neighborhood commercial uses with residential units above. The CM3 zoning allows for a range of uses, including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects. Located minutes from Lents Town Center, the MAX Green Line station, and I-205, the property benefits from connectivity due to its proximity to transit lines and I-205. The Foster corridor has seen street improvements, pedestrian upgrades, and new mixed-use housing projects. Future residents would be close to the Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, and local dining, while remaining connected to downtown Portland. Development opportunities with CM3 zoning and over 10,000 square feet of land are increasingly rare along the Foster corridor.
Key Highlights
- Rare 10,722 SF CM3 Zoned Development Opportunity on Foster Corridor
- Potential for 20‑28 Unit Multifamily or Mixed‑Use Project
- CM3 Zoning Allows Diverse Uses: Multifamily, Commercial, Office, Mixed‑Use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 10,722 SF CM3 zoned land in Portland's Foster Corridor.
Where is this commercial land located?
The property is located at 9639 SE FOSTER Portland, OR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Rare 10,722 SF CM3 Zoned Development Opportunity on Foster Corridor; Potential for 20‑28 Unit Multifamily or Mixed‑Use Project; CM3 Zoning Allows Diverse Uses: Multifamily, Commercial, Office, Mixed‑Use
