5633 SE Division St - Freestanding FOR SALE


Portland, OR 97206- Mt Tabor
$1,200,000 USD
503-705-6380
5633 SE Division St, Portland, OR for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

5633 SE Division St
Portland, OR 97206
Mt Tabor


HIGHLIGHTS

  • Great Neighborhood of Mt Tabor; accessible.
  • Excellent development layout
  • CM2 mixed use zoning.

OVERVIEW

Here is a fantastic development opportunity in the highly desirable neighborhood of South Mt. Tabor. This 14,000 sf flat and highly efficient rectangular site is great for multitude of uses with multi-story multifamily with ground floor retail the most sensible (Up to 50 units) but could be a owner user site for health care use/clinic; office; education/daycare; retail and more. CM2 commercial mixed use zoning that has heights up to 45' and higher with bonus allowed. Located on highly travelled and accessible Southeast Division street which has many food/beverage; retail; services in close proximity. Beautiful and revered Mt. Tabor park with trails; tennis courts; meadows; dog park; and stunning views of downtown Portland only blocks away. Trimets Rapid Transit bus service gives quick access to core Portland and all the way out to Gresham. Atkinson Elementary across the street along with renovated Franklin High School to. Warner Pacific College and Portland Community College's large southeast campus just down the street. Ownership flexible in giving time for buyer to make progress on any development plans. Priced at $85 psf.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mt Tabor Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,039 SF

ZONING

CM2

APN/PARCEL ID

R297297

ASK ABOUT THIS PROPERTY

Todd DeNeffeCascade Commercial Real EstateMore Info
503-705-6380

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Todd DeNeffeCascade Commercial Real EstateMore Info
503-705-6380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.