222-312 102Nd Ave Portland, OR 97220

Property Details for 222-312 102Nd Ave

Lot size

0.53 lot acres

Property type

Land

Description

This exceptional 0.53-acre commercial land parcel, located at 222-312 NE 102nd Avenue in Portland, Oregon's Hazelwood neighborhood, presents a unique investment opportunity. The property consists of five adjacent tax lots (four approximately 5,663 square feet each, and one approximately 435 square feet), totaling 0.53 acres. It's zoned CM2D, allowing for Commercial Mixed Use development, specifically designed to accommodate four- to five-story buildings. The CM2D zoning, coupled with a Design Overlay (D), encourages high-quality construction contributing to a vibrant public realm. This prime location offers unparalleled access to key transportation arteries, including I-205, Highway 26, and the 122nd Street Rail Station. Furthermore, it boasts convenient proximity to Portland International Airport and is just minutes from downtown Gresham. The property's location also provides easy access to recreational areas such as the Columbia River Gorge and Mt. Hood National Forest. The asking price is $1,250,000, translating to $54 per square foot. Building height limits range from 45' to 55'. This is a rare opportunity to acquire a well-situated commercial lot with significant development potential in a rapidly growing area of Portland.