1800 SE Water Ave, Portland, OR 97214
This exceptional 1.18-acre development opportunity in Portland, Oregon, presents a unique investment prospect. Located at 1800 SE Water Ave, in Multnomah County (zip code 97214), the property boasts 330 feet of frontage along SE Water Avenue, offering unparalleled visibility. The site is zoned EX - Central Employment (APN R238700), allowing for a wide range of development possibilities. Three existing buildings totaling 14,172 square feet are currently on the site, adding to the potential. The maximum floor area ratio (FAR) is 2:1, providing significant buildable space. This location offers exceptional access to public transportation, being within walking distance of the Portland Streetcar. Enjoy stunning views of the Portland waterfront and downtown skyline, while also benefiting from the proximity to local parks, restaurants, and retail establishments. Furthermore, this property is situated within an Opportunity Zone, presenting additional investment incentives. The total available space, including the existing buildings, is 51,252 square feet. Contact us for pricing information.
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Village Home Educ Resource Center Training Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.