8523 Stark St Portland, OR 97216-1139
- Investment properties
- 1,930 SF
- 0.17 lot acres
Current Use by Public Records
- Investment properties
Property Details for 8523 Stark St
- Year built
- 1937
- Lot size
- 0.17 lot acres
- Property size
- 1,930 SF
- Zone code
- CS
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1N2E33CC 17300
- APU
- 1N2E33CC17300
Description
This exceptional Portland property offers a unique investment opportunity. Located at 8523 SE Stark St, Unit 8523, this 0.29-acre corner lot boasts two parcels with dual access points and favorable CM-2 zoning in the Montavilla neighborhood. The property encompasses a 2,729 square foot main building, originally constructed in 1937 as a residence, later used as office space and a daycare center. A 936 square foot garage addition (1952) has served as a carpentry shop and auto repair facility, including an office. A separate, approximately 800 square foot modular building with two restrooms complements the main structure. The seller indicates there are currently 20+ parking spaces available. The zoning allows for mixed-use development, including retail and residential, making it ideal for a 4-story apartment building or similar project. This presents an excellent opportunity for an owner-user or developer. The seller is open to exploring longer-term financing options, potentially including partial seller financing for up to five years, to facilitate a smooth transaction and maximize the property's potential. This prime location offers easy access to major roads and freeways, promising significant growth and expansion opportunities.
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
- -122.575
- Latitude
- 45.5193
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
