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4001 NE Cully Blvd - Half Acre Cully Development Site 0.54 Acres of Commercial Land Offered at $2,191,536 CAD in Portland, OR 97213

Commercial Land Properties Oregon Portland 4001 NE Cully Blvd, Portland, OR 97213

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Investment Highlights

  • Half Acre of Development Land
  • Opportunity to Maximiza Denisty and Height with Bonus Provisions
  • CM2 Zoning

Executive Summary

4001 NE Cully offers a hard to find .54 acre redevelopment opportunity in the heart of NE Portland's beloved Cully neighborhood. 23,567 square feet of land and a base FAR of 2.5:1 provides the opportunity to develop almost 59,000 square feet of interior space. Bonus provisions can increase the FAR to 4:1 yielding almost 94,000 square feet of interior. CM2 zoning allows up to 45 feet of height, increasing to 55', and sometimes 75', with bonus provisions. This property offers the ability to deliver a mixed-use building, apartments, live/work units, or affordable housing — all aligned with the neighborhood’s revitalization trajectory. With strong frontage on NE Cully Blvd and easy access to transit and neighborhood amenities, this parcel presents an ideal canvas for an investor or builder seeking to deliver local services plus housing at an urban-edge scale — and to capture the growing demand for close in, mixed-use nodes in NE Portland.

Attachments

Cully Flyer

Property Facts

Price $2,191,536 CAD Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Condition Redevelopment Project Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Planned Unit Development
  • Single Family Development
No. Lots 1 Total Lot Size 0.54 AC
Zoning CM2 - CM2 - medium-scale, commercial mixed-use zone for sites in a variety of centers, along corridors, and in other mixed use areas with strong transit.
Price $2,191,536 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Planned Unit Development
  • Single Family Development
Total Lot Size 0.54 AC
Zoning CM2 - CM2 - medium-scale, commercial mixed-use zone for sites in a variety of centers, along corridors, and in other mixed use areas with strong transit.

1 Lot Available

Lot

Price $2,191,536 CAD Lot Size 0.54 AC
Price Per AC $4,058,399.91 CAD
Price $2,191,536 CAD
Price Per AC $4,058,399.91 CAD
Lot Size 0.54 AC

23,567 square foot, flat, CM2 lot in the heart of Cully.

Description

The lot contains one unoccupied 1928 residential property of no value and other site storage.

1 1
4001 NE Cully Blvd, Portland, OR - Aerial map view - Image1
4001 NE Cully Blvd, Portland, OR - Aerial map view - Image2
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Source: Local Logic®

Property Taxes

Parcel Number R139127 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $205,648 CAD

Property Taxes

Parcel Number
R139127
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$205,648 CAD
(503) 816-7167

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38263726

  • Date on Market: 2025-10-30

  • Last Updated:

  • Address: 4001 NE Cully Blvd, Portland, OR 97213

The Cully Land Property at 4001 NE Cully Blvd, Portland, OR 97213 is currently available. Contact Think Real Estate for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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Photos
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Map
4001 NE Cully Blvd, Portland, OR for sale Aerial- Image 1 of 5
Screen Shot 2025-10-24 at 2.21.11 PM
4001 NE Cully Blvd, Portland, OR for sale Plat Map- Image 2 of 5
Zoning
4001 NE Cully Blvd, Portland, OR for sale Plat Map- Image 3 of 5
Screen Shot 2025-10-24 at 2.23.53 PM
4001 NE Cully Blvd, Portland, OR for sale Aerial- Image 4 of 5
Screen Shot 2025-10-28 at 8.24.35 AM
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4001 NE Cully Blvd - Half Acre Cully Development Site
(503) 816-7167 x

4001 NE Cully Blvd - Half Acre Cully Development Site

David Abrams
(503) 816-7167

Hope Beraka
(503) 679-9243

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