525 Oak St Portland, OR 97214
- Auto shops
- 3,456 SF
- 0.23 lot acres
Current Use by Public Records
- Auto shops
Property Details for 525 Oak St
- Year built
- 1927
- Lot size
- 0.23 lot acres
- Property size
- 3,456 SF
- Zone code
- IG1
- Property type
- Auto shops
- APN
- 1N1E35CC 08900
- APU
- 1N1E35CC08900
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.66
- Latitude
- 45.5203
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
