525 SE Oak St Portland, OR 97214

Exceptional redevelopment opportunity in Portland's thriving Central Eastside. This 10,000 square foot lot boasts EX zoning, allowing for significant development potential. The property includes a functional 3500 square foot industrial building featuring a grade-level door, three-phase power, and ample yard/storage space on both sides, ideal for various uses such as a woodshop or light manufacturing. Its prime location, near SE Grand at Oak and SE 6th, offers unparalleled access to the area's vibrant growth. Over $1.5 billion in new investment has transformed the Central Eastside in the last decade, adding over 1 million square feet of Class A office space, 4500 new apartments, 5000 jobs, and 100 new businesses. This site provides a strategic location within this dynamic neighborhood, allowing for immediate use of the existing building while capitalizing on long-term development prospects. The property includes 20 parking spaces. The seller is open to exploring flexible financing options to facilitate a successful transaction. This is a rare chance to acquire a highly desirable property in one of Portland's most sought-after areas.