6719 N Maryland Ave Portland, OR 97217

Property Details for 6719 N Maryland Ave

Property type

Commercial real estate

Description

This exceptional 7,260-square-foot commercial land parcel presents a remarkable development opportunity in Portland, Oregon's vibrant Arbor Lodge neighborhood. Located at 6719 N Maryland Ave, this fee-simple property boasts a prime location within the CM3 zoning district, allowing for substantial development potential. The CM3 zoning permits large-scale, mixed-use construction, with building heights generally up to six stories, potentially reaching seven with available bonuses. The site offers a 3:1 floor area ratio and a 65-foot height limit, maximizing buildable space. Utilities are readily available, including water, sewer, cable, telephone, Portland General Electric power, and Northwest Natural gas. Its flat corner lot configuration enhances its appeal. This location benefits from excellent connectivity, situated near the Rosa Parks Interstate 5 interchange and the N Interstate MAX Light Rail, providing easy access to major transportation arteries. The surrounding area is characterized by its walkability, tree-lined streets, abundant green spaces, and proximity to numerous parks and recreational facilities. Furthermore, the thriving Arbor Lodge neighborhood offers a rich array of restaurants, shops, and entertainment options, creating a desirable environment for residents and businesses alike. The asking price for this exceptional development site is $1,250,000. This presents a unique chance to capitalize on the burgeoning growth and demand in this sought-after North Portland location.