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Listed by Bridge Creek Realty
$1,950,000
Est. payment /mo
0.83 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 502535901
HOA Y/N No
Annual Tax Amount $7,431
Tax Year 2025
Lot Size 0.830 Acres
Property Sub-Type Mixed Use
Property Description
Prime development opportunity along NE Sandy Blvd in East Portland's Parkrose submarket, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. The offering consists of two adjacent parcels totaling approximately 2.68 acres (116,741 SF), zoned CM1 (Commercial Mixed-Use 1), allowing for a mix of residential and commercial uses including multifamily and neighborhood-serving retail.The site provides scale that is increasingly rare for infill development in Portland, making it well suited for a multifamily or mixed-use project designed to meet ongoing housing demand. A natural creek traverses a portion of the property, and sections are designated with Environmental Conservation (“c”) and Environmental Protection (“p”) overlays, which may require setbacks and impact overall site planning. At the same time, these features present an opportunity to incorporate natural open space and amenity-driven design into future development.Strategically positioned along a key commuter corridor connecting Portland to Gresham, the property benefits from proximity to public transit, I-205, Portland International Airport, and major employment hubs. The surrounding area continues to experience population growth and redevelopment activity, supporting long-term value appreciation.This offering is well suited for developers seeking a flexible, large-scale mixed-use or multifamily site in a supply-constrained market. Buyer to perform all due diligence regarding zoning, environmental overlays, and permitted uses.
Location
State OR
County Multnomah
Area _142
Zoning CM1
Exterior
Utilities Available ElectricityAvailable, UndergroundUtilities
Garage No
Schools
Elementary Schools Wilkes
Middle Schools Parkrose
High Schools Reynolds
Others
Acceptable Financing Cash
Listing Terms Cash
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Nearby School & Business
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