2818 Park AveMilwaukie, OR 97222

Property Details for 2818 Park Ave

Year built

1925

Lot size

0.34 AC

Zone code

C3

Property type

Other commercial real estate

APN

21E01BA08800

APU

21E01BA08800

Description

This exceptional mixed-use property at 2818 SE Park Ave, Milwaukie, Oregon (97222), presents a rare redevelopment opportunity. The 5,234 square foot building, constructed in 1925, sits on a 19,297 square foot lot (.44 acres) and currently features 43 apartment units. The C3 - General Commercial zoning allows for continued use as a retail space or redevelopment into residential units. Its strategic location, just one block from the Milwaukie Orange TriMet Line and 99E, offers unparalleled access to public transportation and major roadways. Adding to its potential, an adjacent 15,055 square foot lot is available for purchase, allowing for the development of an additional 2-4 units, increasing the total potential unit count to 45-47. This property is situated within an Enterprise Zone, offering potential tax advantages. The asking price for this significant investment is $675,000. This is a unique chance to capitalize on a high-demand location and create a substantial multi-family development or a thriving mixed-use complex. Don't miss this chance to acquire a property with significant upside potential in a rapidly growing area.

Location Insight

City

Milwaukie

County

Clackamas

State

Oregon

Latitude

45.4298

Longitude

-122.634

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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