Property summary
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
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Portland, ORZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CG in Portland, OR.
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