Property profile

3659 Powell Blvd Portland, OR 97202

OFF-MARKET
Commercial land
Property ID
US71-0818097
1,300 SF 0.3 ac lot Built 1950
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Total area 1,300 SF
Lot 0.3 ac (13,068 SF)
Zoning code CG
APN 1S1E12DA 00600
UPID US71-0818097

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

3659 Powell Blvd Portland, OR 97202-1879
Portland metro Census 901 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$519k
Blend (final) Blend
$520k

Owner & transaction history

Zoning & alternative use

CG · Portland, OR
Top alternative use upside
Retail stores $435,000 +14.8%
Auto repair, garage $395,000 +5.0%
Medical building $395,000 +3.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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