0 2Nd Ave Portland, OR 97205

This exceptional 0.9-acre development site, located in Portland, Oregon's vibrant Central Business District (CBD), presents a unique opportunity for high-density mixed-use construction. Situated at the west end of the Morrison Bridge, this prominent location offers unparalleled visibility and accessibility. The property boasts a 39,000 square foot lot, divisible to suit various development plans, and is zoned CXd (Central Commercial with Design Overlay) within the Central City Plan District, allowing for a 9:1 Floor Area Ratio (FAR), resulting in a potential buildable area of 351,000 square feet. A building height of 235 feet is permitted, with potential for bonus height up to 325 feet. The site's designation as an Opportunity Zone provides significant tax advantages for investors. Currently operating as surface parking, the property offers immediate income potential while development plans are underway. This prime location is ideal for a variety of projects, including multifamily residential, mixed-use developments, retail spaces, and office buildings, catering to the growing demand in Portland's dynamic downtown core. The address is SW 2nd Ave and SW Alder St, in Multnomah County, zip code 97205.