2075 NE 240th Ave
Wood Village, OR 97060

A Prime Development opportunity to purchase a formerly entitled shovel-ready affordable housing project. Located on NE Halsey St. and 240th Ave. in Wood Village, Oregon. The site consists of .76 acres 33,128 sqft of land with facings along Halsey St. and 240th Ave. The site was approved for 39 or 61 units with a mix of studios, 1 and 2 bedroom units, Including 1 or 2 commercial units on the ground floor. The topography of the site allows for a parking garage to be built under the building with minimal excavation. The site is zoned Neighborhood Commercial. This zoning is intended to promote a compatible combination of small-scale retail commercial uses and medium to high-density residential uses where there is frequent transit service and a pedestrian-oriented street-scape. The previously entitled plans have strong support from the City of Wood Village as part of the City’s Urban Renewal Plan. The site is located in an Opportunity Zone and is eligible for Opportunity Zone Funding.