1462 Naito Pkwy Portland, OR 97209
- Warehouses
- 45,157 SF
- 2.76 lot acres
Current Use by Public Records
- Largo Concrete / Concrete Contractor
Property Details for 1462 Naito Pkwy
- Year built
- 1945
- Lot size
- 2.76 lot acres
- Property size
- 45,157 SF
- Zone code
- EXDG
- Property type
- Warehouses
- APN
- 1N1E27CC 00200
- APU
- 1N1E27CC00200
Description
This exceptional 2.76-acre waterfront development parcel, located at 1462 NW Naito Pkwy in Portland, Oregon's vibrant Pearl District, presents a unique investment opportunity. Situated directly on the Willamette River, this property boasts approximately 370 linear feet of river frontage. The land, identified by APN R298548, is zoned EXdeg, permitting a diverse range of development options including multifamily residential, mixed-use, retail, office, hospitality, and warehouse/manufacturing uses. The asking price is $18,500,000. The sale includes an existing 59,557 square foot warehouse structure. This significant property, encompassing 120,225 square feet, is located within an Opportunity Zone, offering potential tax advantages. Its prime location and versatile zoning make it ideal for a large-scale development project capitalizing on the area's thriving urban environment and stunning waterfront views. This is a rare chance to acquire a substantial parcel in one of Portland's most desirable neighborhoods. The property's size and zoning flexibility provide exceptional potential for a high-impact development.
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
- -122.682
- Latitude
- 45.5346
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
