3659 Powell Blvd, Portland, OR 97202-1879
This exceptional 0.97-acre commercial land parcel presents a unique investment opportunity in Portland, Oregon. Located at 3659 SE Powell Boulevard, this property boasts a highly visible location on a major thoroughfare, ensuring significant exposure for any business. The land is currently vacant and offers a single-tenant occupancy, providing flexibility for development or immediate use. Zoned CM2, the property allows for a variety of commercial and multifamily uses, subject to city approvals. The site itself is paved, eliminating the need for extensive site preparation. With its convenient location in Multnomah County, near the 97202 zip code, this property offers easy access to major transportation routes and a thriving commercial district. The substantial lot size provides ample space for a variety of development projects, making it an ideal location for businesses seeking high visibility and convenient access. This is a rare opportunity to acquire a well-situated commercial land parcel in a dynamic and growing area of Portland. The property's single-tenant status offers simplicity and control, while the CM2 zoning opens doors to a range of possibilities. Serious inquiries are encouraged to explore the potential of this remarkable property. The total building square footage is currently listed as 1 square foot, indicating the land is primarily undeveloped.
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Pat Twyman's Car Center Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Portland, ORPortland. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.