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1131 SE Oak St

0.13 Acres of Commercial Land Offered at $999,000 in Portland, OR 97214

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Executive Summary

$176,000. PRICE REDUCTION Take another $100k off if you close within 60 days of mutual acceptance. Prime investment opportunity close in SE Portland in the heart of the Bachman Neighborhood. Seller can assist in affordable housing opportunity process. With over 167 apartments on the block already there is great potential for mixed used with retail or professional on the main and housing above. Work fast and save money! $899,000. if you close within 60 days of mutual acceptance of your offer.

attachment (47)

Property Facts

Price	$999,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units Apartment Units - Subsidized Storefront, Retail or Office
Sale Conditions	Bulk/Portfolio Sale	Total Lot Size	0.13 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$999,000
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Apartment Units - Subsidized Storefront, Retail or Office
Total Lot Size	0.13 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$999,000	Lot Size	0.13 AC
Price Per AC	$7,573,345

Price	$999,000
Price Per AC	$7,573,345
Lot Size	0.13 AC

This is a 5746 sq ft lot with a building building height and foot print density. Next a new development by Catholic Charities of Oregon 61 units. To the south on the block is another newer larger 106 unit apartment, also by Catholic Charities.

Description

Level 5746 square feet with maximum height potential and minimal setbacks required. No off street parking and potential for affordable housing project.

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1131 SE Oak St, Portland, OR - aerial map view

Walk Score ®

Walker's Paradise (97)

Transit Score ®

Excellent Transit (78)

Bike Score ®

Biker's Paradise (96)

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PROPERTY TAXES

Parcel Number	R150542	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$525,020

PROPERTY TAXES

Parcel Number

R150542

Land Assessment

Improvements Assessment

Total Assessment

$525,020

zoning

Zoning Code	Portland EX (This is considered commercial miscellaneou use site approximately 5746 Square feet of level property. The sky is the limit with no parking required)
Portland EX (This is considered commercial miscellaneou use site approximately 5746 Square feet of level property. The sky is the limit with no parking required)

Listing ID: 31061253
Date on Market: 2/27/2024
Last Updated:
Address: 1131 SE Oak St, Portland, OR 97214

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