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8523 SE Stark St 0.29 Acres of Commercial Land Offered at $1,116,159 CAD in Portland, OR 97216
Executive Summary
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Exceptional CM2 mixed-use redevelopment opportunity in Portland’s Montavilla corridor. This offering includes two tax parcels configured as one prominent corner site with dual access points and strong frontage along SE Stark Street.
Favorable CM2 zoning supports a wide range of commercial and residential development options including mixed-use retail with residential units above, multifamily housing, live-work concepts, office, and other urban corridor uses. The zoning allows development potential of up to four stories, subject to buyer verification with the City of Portland.
The property consists of existing improvements that may serve interim income or owner-user purposes while development plans are pursued.
Main Building: Originally constructed in 1937 as a residence. The attached 936 SF garage was added in 1952. The structure was later converted to office use and therefore does not currently include a kitchen. Over time the property has been used as office space and as a children’s daycare facility. The attached garage has historically been used as a carpentry shop and most recently as an automotive repair shop with office space.
Modular Building: Approximately 800 SF with two restrooms. Previously utilized in conjunction with the daycare operation.
Parking: Seller states 20+ parking spaces currently on site.
The site is level and previously developed with utilities available at the street including water, sewer, electricity, and natural gas (prior gas meter removed). The corner configuration provides visibility, access flexibility, and strong redevelopment positioning within an established East Portland corridor.
This is an ideal opportunity for:
• Developer seeking mixed-use or multifamily project
• Owner-user seeking commercial site with future upside
• Investor holding for corridor redevelopment
The seller is open to creative structures and is willing to consider partial seller carry financing for up to five years, subject to terms. Seller may also consider participating in future development to maximize the property’s long-term potential.
Strategically located with proximity to major arterials and freeway access, the property benefits from steady traffic exposure and neighborhood reinvestment trends in Montavilla. Buyers are encouraged to perform due diligence regarding zoning allowances, density, permitted uses, demolition feasibility, and development standards.
This corner site presents flexibility today with long-term redevelopment leverage tomorrow.
Property Facts
1 Lot Available
Lot R284602
| Price | $1,116,159 CAD | Lot Size | 0.29 AC |
| Price Per AC | $3,848,825.67 CAD |
| Price | $1,116,159 CAD |
| Price Per AC | $3,848,825.67 CAD |
| Lot Size | 0.29 AC |
Tax accounts R284602, R284603, R284604 (includes billboard).Level corner site totaling approx. 0.29 acres across two tax lots. Paved access, utilities at street, strong frontage on SE Stark St with dual access from SE 86th Ave. Temporary fencing.
Description
Exceptional CM2 mixed-use redevelopment opportunity in Portland’s Montavilla neighborhood. This offering includes two tax lots totaling approximately 0.29 acres positioned on a prominent corner site with dual access points along SE Stark Street and SE 86th Avenue. The property is being marketed primarily for land value and redevelopment potential. Existing improvements include a 1937-built residence (currently configured as office space), attached garage addition (1952), detached garage structure, and a modular building added in 1997. Interior access is available by appointment only. Improvements may be considered non-contributory depending on buyer’s intended use. CM2 zoning allows for a wide range of commercial and mixed-use development options including retail, office, live-work, residential units above ground-floor commercial, and other urban corridor uses. Buyer to perform all due diligence with the City of Portland regarding permitted uses, density allowances, demolition feasibility, and development standards. The site benefits from strong corner visibility and steady vehicle traffic exposure along SE Stark Street. Utilities including water, sewer, electricity, and natural gas are available at the street. Gas meter has been removed. The lot is level and paved access is in place. Temporary fencing currently installed. A billboard lease is in place (details available upon request), providing potential interim income while development plans are pursued. Seller may consider partial seller carry financing, subject to mutually agreed terms, creating flexibility for developers seeking structured acquisition options. Strategic location offers convenient access to major transportation corridors, including I-205, I-84, and multiple transit routes. Walk Score and Bike Score reflect strong urban connectivity. The Montavilla district continues to see reinvestment, small business growth, and corridor revitalization, supporting long-term redevelopment value. Tax accounts include R284602, R284603, and R284604 (includes billboard). Buyers are encouraged to verify lot dimensions, development capacity, environmental conditions, and zoning overlays. This is a strong opportunity for a developer, investor, or owner-user seeking a flexible mixed-use site in an established East Portland corridor with visibility, access, and future upside. Seller prefers cash, but contract terms available. Allow 3 business days for response to offers.
Presented by
Rose Country Realty
8523 SE Stark St
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