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.