8523 Stark St Portland, OR 97216-1139

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.