Commercial Land for Sale in Portland, Oregon

S Water Ave Portland, OR 97201

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$500,000
0.15 acres
Active sale$50k dropEst $3,734/mo

This unique opportunity is a flat, paved 5,300 sq ft parking lot comprised of three CI2 tax lots nestled in South Portland. Make sure not to overlook the unique zoning that allows for commercial uses, including storefront/retail, outside of its apparent university designations; this zoning is comparable to CM3. The floor area ratio (FAR) is 3:1, and it allows for a maximum height of 75'.This lot has excellent access to OHSU, Under Armour, PSU, SW, and downtown Portland. It is also in close proximity to the Ross Island Bridge, providing a quick trip across the Willamette River to some of Portland's most popular Eastside neighborhoods. This location boasts a desirable walk, bike, and transit score, with many public transit stops just around the corner. Please note that this paved lot is secured by a gated silver link fence.

Location

Street Address
S Water Ave
Community
Corbett
Elevation
125 feet
Coordinates
45.501, -122.6769

Property details

Zoning
CI2
MLS Number
RMLS 23536197
Date Posted

Property taxes

Recent
$1,281

Parcels

  • R128809

Legal description

This 0.15-acre property is located at S Water Ave in Portland, OR 97201 with latitude 45.501 and longitude -122.6769. The property is currently available for sale for $500,000 with a price per acre of $3,333,333. Listing data is sourced from Regional Multiple Listing Service # 23536197.

Verify sale details at the property source or contact RE/MAX Equity Group at (503) 670-3000.

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Copyright (C) 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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