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    Property profile & analytics
    OFF-MARKET Estimated value $520,000
    Commercial land

    3659 Powell Blvd, Portland, OR 97202-1879

    1,300 SF 0.3 ac lot Built 1950
    Entity Owned Free & Clear
    Property ID
    US71-0818097
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pat Twyman's Car Center Car Dealership
    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
    MERRILL & LANGBERG LLC
    MERRILL & LANGBERG LLC
    Zoning & alternative use
    CG · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $435,000 +14.8%
    Auto repair, garage $395,000 +5.0%
    Medical building $395,000 +3.9%
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