306 8Th Ave Portland, OR 97214
- Industrial properties
- 17,675 SF
- 0.44 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 306 8Th Ave
- Year built
- 1946
- Lot size
- 0.44 lot acres
- Property size
- 17,675 SF
- Zone code
- EXD
- Property type
- Industrial properties
- APN
- 1N1E35CC 10400
- APU
- 1N1E35CC10400
Description
This exceptional opportunity presents a fully entitled 144-unit residential development site in Portland, Oregon's desirable Buckman neighborhood. Located at the corner of SE 8th Ave and SE Pine Street, this 19,088 square foot lot is priced at $5,000,000 ($34,722 per square foot). The project includes vested pre-inclusionary zoning and sits within an Opportunity Zone, offering significant investment advantages. The conceptual design features a seven-story mixed-use building encompassing studio, one, and two-bedroom units, along with 3,255 square feet of commercial space. Residents will enjoy amenities such as a resident lounge, fitness room, and outdoor amenity deck. Select units boast walk-in closets and balconies offering stunning views of the Willamette River, Mount Hood, and the Portland skyline. The building also includes a 26-space parking garage. Its prime location provides easy access to TriMet bus lines and the Portland Streetcar (Loops A & B), placing residents near notable developments like Soho House and the Grand Stark Hotel. This permit-ready project offers a compelling investment opportunity with strong potential for significant returns. The total building gross area is 109,586 square feet, plus an additional 5,659 square feet of amenity space.
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
- -122.657
- Latitude
- 45.5205
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
