3603 NE Sandy Blvd Portland, OR 97232

This exceptional 0.33-acre commercial land parcel in Portland, Oregon, presents a unique redevelopment opportunity. Located at 3603 NE Sandy Blvd, in the desirable Laurelhurst neighborhood, the property boasts 150 feet of frontage on Sandy Boulevard, offering excellent visibility and accessibility. The site currently includes a 3,750 square foot former veterinary hospital and two 952 square foot rental houses, each with a 500 square foot basement and off-street parking. One rental house is currently occupied by a month-to-month tenant paying $1,450 per month, while the other buildings are vacant. The CM3 zoning allows for a mixed-use development up to six stories (potentially seven with bonuses), with parking requirements only applying to projects exceeding 30 residential units. This location offers unparalleled convenience, with proximity to Interstate 84, Portland Providence Hospital, and a vibrant commercial corridor featuring Target, Trader Joe's, and a 24-hour fitness center. The property's designation as a Difficult Development Area (DDA) by HUD may present additional development incentives. This is an ideal investment for owner-users seeking additional rental income or developers aiming to capitalize on the high demand for housing and commercial space in this thriving Portland neighborhood. The asking price is $1,300,000. The Multnomah County address is 3603 NE Sandy Blvd, Portland, OR 97232.