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.