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3030 NW Montara Loop

0.36 Acres of Commercial Land Offered at $1,250,000 in Portland, OR 97229

Investment Highlights

  • Prime location in Portland, OR
  • Infrastructure ready for residential development
  • Backs up to open space corridor
  • Site has been previously permitted with plans available
  • Close proximity to schools and parks
  • Accessibility to transportation links

Property Facts

Price $1,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.36 AC

1 Lot Available

Lot

Price $1,250,000
Price Per AC $3,452,104
Lot Size 0.36 AC

NW Montara is a unique opportunity to develop an eight-unit upscale condominium project in Forest Heights. The site has been engineered and previously permitted. Some earthwork and a partial foundation have been completed. Plans are available.

Description

The property's prime location is close to tech giants like Intel and Nike, as well as the bustling tech hub in the heart of the city. Surrounding the area are scenic parks, inviting outdoor spaces, and remarkable dining and entertainment options. With a reputation for sustainability, a thriving economy, and a vibrant cultural scene, the location offers an exceptional setting for any discerning investor seeking to capitalize on the area's burgeoning commercial real estate market.

zoning

Zoning Code R1 (Residential Development)
R1 (Residential Development)
  • Listing ID: 32260284

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 3030 NW Montara Loop, Portland, OR 97229

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