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    OFF-MARKET
    Commercial real estate

    6220 122Nd Ave, Portland, OR 97236

    1.63 ac lot
    Property ID
    US71-0172898
    Property summary
    AI-generated overview

    This exceptional 1.63-acre commercial land parcel, located at 6220 SE 122nd Avenue in Portland, Oregon, presents a compelling investment opportunity. The property, encompassing five tax lots, is zoned CM2, offering significant development potential. The asking price is $3,700,000. The site boasts convenient access from both SE 122nd Avenue and SE Foster Road, enhancing its accessibility and visibility. Currently, there is one improved residential dwelling on the site, which could be incorporated into future development plans or removed to maximize the land's potential. Situated in Multnomah County, with a 97236 zip code, this property offers a strategic location within Portland's dynamic commercial landscape. The expansive lot size provides ample space for a variety of commercial ventures, making it an attractive proposition for developers and investors seeking a prime location with significant upside. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable Portland location. Don't miss this chance to secure a valuable asset with significant growth potential.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.63 ac (71,003 SF)
    UPID US71-0172898
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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