Portland CBD Development Opportunity
SW 2nd Ave & SW Alder St, Portland, OR 97204
High-density development site in Portland's Central Business District.
Type:Land
Lot size:
0.90 Acres- Added:
- Jan 26, 2026
- Days on Market:
- 115
- Last Refresh:
- Apr 5 at 8:36 pm
Property Features for SW 2nd Ave & SW Alder St
General Information
- Standard status
- Active
- Lot size
- 0.90 Acres
- Property subtype
- Land
Listing agent Nicholas Diamond License #OR #200403266 (503) 222-2655
Listing office Capacity Commercial Group (503) 222-2655
Listing date Jan 26, 2026
Source Corfac
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
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.
- CX Central Commercial Zoning: Versatile zoning supports multifamily, mixed‑use, retail, and office development.
- High Visibility: Excellent visibility from the river and adjacent to Tom McCall Waterfront Park.
- Transportation Access: Trimet MAX Light Rail Blue & Red Lines run through the site.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.681
- Latitude
- 45.5208
Nearby Similar for Sale
FAQs
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.
