234 Grand Ave Portland, OR 97214
- Land
- 0.41 lot acres
Current Use by Public Records
- Land
Property Details for 234 Grand Ave
- Lot size
- 0.41 lot acres
- Property type
- Land
Description
This exceptional 0.41-acre development site, located at 234-240 Southeast Grand Avenue in Portland, Oregon (97214), presents a remarkable opportunity. Zoned EX - Central Employment, this 18,000 square foot parcel boasts a base Floor Area Ratio (FAR) of 6:1 and a maximum FAR of 9:1 with bonus potential, allowing for a maximum height of 100 feet. Existing land use approvals are in place for a mass timber office building. However, the zoning also permits development for market-rate multi-family, affordable housing, and additional office uses, offering significant flexibility for diverse projects. The property's prime location within Multnomah County places it in close proximity to major employers and retailers, enhancing its appeal and potential for high occupancy rates. Its high visibility and convenient access to popular Eastside restaurants and shops further contribute to its desirability. Furthermore, the site borders the streetcar line, with the MAX Light Rail just a short distance away, ensuring excellent public transportation access. Easy access to Downtown Portland and major freeways (I-84, I-5, and I-405) provides unparalleled connectivity. APN: R150193 & R150194. The sale price is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.66
- Latitude
- 45.5208
