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    FOR SALE
    Commercial land

    8500 SE 17Th Ave, Portland, OR 97202

    9,604 SF 0.23 ac lot Built 1936
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US71-0714805
    Property summary
    AI-generated overview

    This exceptional 0.11-acre (4,791 sq ft) corner lot in Portland's desirable Sellwood neighborhood presents a remarkable investment opportunity. Located at 8500 SE 17th Ave, 97202, this level lot boasts CM2 zoning, offering unparalleled flexibility for development. Imagine the possibilities: a modern office building, a stylish apartment complex, or a vibrant mixed-use development seamlessly blending commercial spaces with residential units. The property's convenient location provides easy access to local amenities, schools (Duniway Elementary, Sellwood Middle, and Cleveland High), and major transportation routes. The lot features paved road access and is serviced by available electricity, public sewer, and water. Recent tax records indicate an annual tax amount of $2,560.29 (2023). The property is being sold as-is, cash only. Please note that the lot size is 4,791 square feet, a recent division from a larger parcel. This is a rare opportunity to acquire a prime development site in a thriving Portland neighborhood. Don't miss out on this chance to build your vision in a highly sought-after area.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1936
    Total area 9,604 SF
    Lot 0.23 ac (10,000 SF)
    Zoning code CS
    APN 1S1E26AB 00300
    UPID US71-0714805
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.56M
    Blend (final) Blend
    $1.56M
    Owner & transaction history
    Clyde V Brummell LLC · 15 yrs held
    Clyde V Brummell LLC
    since 2010
    2 recorded transactions
    2010
    2008
    Zoning & alternative use
    CS · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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