Portland CBD Development Opportunity
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SW 2nd Ave & SW Alder St, Portland, OR 97204
High-density development site in Portland's Central Business District.
Property SizeContact for details
Lot Size0.90 Acres
Days on Market208
Property Features for SW 2nd Ave & SW Alder St
General Information
Standard status
Active
Lot size
0.90 Acres
Property subtype
Land
Listing Agency:
Capacity Commercial Group
(503) 222-2655
Listed By:
Nicholas Diamond · License #OR #200403266
Source:
Corfac
Added: Jan 26
Changed: Aug 21
Last Checked: Aug 21 at 4:47AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This 0.90-acre (39,000 SF) development site is located in the Portland Central Business District, at the west end of the Morrison Bridge. The property is situated in an Opportunity Zone and features CXd (Central Commercial with Design Overlay) zoning within the Central City Plan District, allowing for high-density urban development. The zoning allows for a 9:1 FAR (351,000 SF) and a base height of 235 feet (325 feet with bonus). The site benefits from high visibility from the river and its adjacency to Tom McCall Waterfront Park. It is close to downtown amenities and attractions, including Pioneer Place, the World Trade Center, and the AC Hotel by Marriott. Trimet MAX Light Rail Blue & Red Lines run through the site on SW 1st Avenue. The site is suitable for multifamily, mixed-use, retail, or office developments. The site currently operates as surface parking, presenting an income opportunity.
Key Highlights
- High‑Density Development Opportunity: Take advantage of the 9:1 FAR (351,000 SF) and 235' Height (325' with Bonus) for significant development potential.
- Opportunity Zone: Located in an Opportunity Zone, offering potential tax benefits.
- Prime CBD Location: Prominently situated at the west end of the Morrison Bridge in the Central Business District.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 97204, OR
1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-density development site in Portland's Central Business District.
Where is this commercial land located?
The property is located at SW 2nd Ave & SW Alder St Portland, OR.
What are key features of this property?
This property features: High‑Density Development Opportunity: Take advantage of the 9:1 FAR (351,000 SF) and 235' Height (325' with Bonus) for significant development potential.; Opportunity Zone: Located in an Opportunity Zone, offering potential tax benefits.; Prime CBD Location: Prominently situated at the west end of the Morrison Bridge in the Central Business District.
