2029 Cesar Chavez Blvd Portland, OR 97212

This exceptional 10,000 sq ft corner lot in Portland, Oregon, presents a unique investment opportunity. Located at 2029 NE Cesar Chavez Blvd, in the desirable 97212 zip code, this property boasts a permitted CM2 zoning, ideal for multifamily development. The existing 2,072 sq ft building, constructed in 1971, offers immediate owner-user potential with four office spaces, a conference room, and bathroom facilities. The building sits on a signalized corner parcel with convenient off-street paved parking, a significant advantage in this vibrant area. Its prime location offers excellent walkability and easy access to public transportation, complemented by nearby restaurants and retail amenities. The property's size and zoning make it an attractive prospect for developers seeking to capitalize on the high demand for multifamily housing in Portland. The asking price is $1,250,000. This is a rare chance to acquire a versatile property with strong potential for both immediate income and future development. The property's 2,200 total square feet includes both the building and land.