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525 SE Oak St
Portland, OR 97214
 Central Eastside SE 6th and Oak · Land For Sale · 0.23 AC

Commercial Land Properties Oregon Portland 525 SE Oak St, Portland, OR 97214

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Investment Highlights

  • Site on 1/2 block running on back side of Grand, recently up-zoned for 175’ height, 9:1 FAR. Potential western views on upper floors & rooftop deck.
  • Great 3500 sf industrial building for interim/long term use that would be good for shop/light manufacturing and then storage and yard area .
  • E-commerce may be configured on ground floor w/ warehouse & mezzanine or Penthouse built as Rooftop Suite as Startup HQ.
  • Conceptual drawing shows 10-story, mixed-use, 128-144 "affordable housing" micro units w/ ground floor residential amenities, some retail & loading.
  • 10 yr. income tax exemption for E-overlay: orders, sales, activities that serve the business's overall purpose, even if retail in nature
  • 10 yr. property tax exemption for development of of affordable housing. E-commerce overlay offers 10-year property and income tax exemptions.

Executive Summary

Here is a key well located 10,000 sf parcel with a usable 3500 sf building in the best commercial core neighborhood in Portland. The Central Eastside. This property has the city's most flexible zoning: EX which allows residential, office, light industrial, retail etc. The property is a half block off the main commercial corridor of the district of SE Grand which has 25,000 vehicles a day. The property has liberal floor to area ratios and height allowances for a 7-8 story building. Excellent access to freeways and city core; 'Pearl etc. Owner can provide attractive seller financing to help facilitate a sale. Better AMT and rates from a bank or any lending source. Additionally adjacent Andy-Bax Property also for sale so 3/4 of block can be controlled

Property Facts

Sale Type Investment or Owner User Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Distribution
  • Industrial Live or Work Unit
  • Storefront, Retail or Residential
No. Lots 1 Total Lot Size 0.23 AC
Property Type Land No. Stories 1
Property Subtype Commercial Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning EXd - EX (General Employment) zone is the most desirable and flexible zoning in the city that allows multiple uses such as office, retail, residential.
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Distribution
  • Industrial Live or Work Unit
  • Storefront, Retail or Residential
Total Lot Size 0.23 AC
No. Stories 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning EXd - EX (General Employment) zone is the most desirable and flexible zoning in the city that allows multiple uses such as office, retail, residential.

1 Lot Available

Lot 1

Lot Size 0.23 AC
Lot Size 0.23 AC

Well located 10,000 sf key site with very usable 3500 sf warehouse building with lots of parking: Great close in eastside location. EX zoning: great heights/FAR.. Adjacent Andy & Bax property for sale to control 3/4 of block.

Description

Opportunity Zone, Enterprise Zone, E-Commerce Overlay and Prosper Portland Programs/Projects offer extraordinary tax advantages are pertinent to this particular site in Portland. This fantastic location lies in Portland's Southeast Quadrant, which includes the Central Eastside District. "The Central Eastside" is slated as Portland's newest “Innovation Quadrant/Live Work District”. What was once industrial and gritty, now recently up-zoned and lively, is a mixture of housing, workspace, services and e-commerce uses. The 3500 sf industrial building is perfect for small manufacturer/shop user then has plenty of yard and parking on either side of the building. The loction is just off the vibrant SE Grand retail and mixed use corridor and close to freeways; access to Pearl and westside

Property Taxes

Parcel Number R150202 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $306,730 CAD

Property Taxes

Parcel Number
R150202
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$306,730 CAD
 

  • Listing ID: 30133286

  • Date on Market: 2021-03-03

  • Last Updated:

  • Address: 525 SE Oak St, Portland, OR 97214

The Central Eastside Land Property at 525 SE Oak St, Portland, OR 97214 is currently available. Contact Cascade Commercial Real Estate for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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