8434 17Th Ave Portland, OR 97202

This exceptional 5,227 square foot retail property, located at 8434 SE 17th Ave in Portland, Oregon's desirable Sellwood neighborhood, presents a compelling investment opportunity. Situated on a level, graded corner lot (50' x 100'), this property boasts CM2 zoning, allowing for diverse development options, including multi-family structures up to 45 feet in height, as well as residential, commercial, and mixed-use projects. The property includes existing structures and a residence, generating a current monthly income of $2300. Utilities are connected (water, sewer, natural gas), and the paved road provides convenient access. The property's assessed value is $467,070, with annual taxes totaling $4,042. This location offers unparalleled proximity to Portland's finest restaurants, shops, and parks, within a friendly community known for its tree-lined streets. The asking price is $529,000, translating to $101.21 per square foot. The parcel number is R267744. Financing options include cash, conventional, FHA, rehab, and VA loans. This property is ideal for developers and investors seeking a high-potential opportunity in a thriving Portland neighborhood.