1931 NE Sandy Blvd (Status: Available) 7900000

1931, Sandy Blvd, Portland, OR  97232

Located in Northeast Portland, this land property is the perfect opportunity for a multifamily development project. The property is zoned CM3 – Commercial Mixed Use, which allows for development of 65′ height (6 stories) with potential increase to 75′ (7 stories) and 3:1 FAR and a maximum of 5:1 with bonus provisions. The site is served utilities including electric, gas, water and sewer.Adding to the appeal of this property, it is located in The Opportunity Zone, which allows for significant tax benefits for investors. This is a rare opportunity to invest in a property with strong growth potential and the added benefit of tax savings.

Listing Details

Asset Class: Land
Year Built: 1920
Building Total Square Feet: 42347
Available Lease Space Square Feet: 42253
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: CM3

Listing Courtesy of: Macadam Forbes

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.