2818 Park Ave, Milwaukie, OR 97222-7129

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.