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306 SE 8th Ave - Pine Street Lofts
0.44 Acres of Commercial Land Offered at $5,000,000 in Portland, OR 97214
Investment Highlights
- Permit Ready Development Site Located in the Buckman Neighborhood of SE Portland
- Conceptual Mixed-Use 144-Unit 7 Story Building with 3,255 SF of Commercial Space
- Includes Vested Pre-Inclusionary Zoning and Located Within an Opportunity Zone
Executive Summary
Permit Ready • Studio, 1 & 2 Bed Unit Mix • Private Parking Garage
--------------------
REDUCED Sale Price: $5,000,000 ($34,722 / Unit)
Units: 144 Units with Studio, 1 & 2 Bedroom Mix
Parking Space: 26 Garage Stacking Spaces
Building Gross Area: 109,586 SF plus 5,659 SF of Amenity Space
Commercial Area: 3,255 SF
Gross Land Area: 19,088 SF
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.44 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $5,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.44 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $5,000,000 | Lot Size | 0.44 AC |
| Price Per AC | $11,410,314.92 |
| Price | $5,000,000 |
| Price Per AC | $11,410,314.92 |
| Lot Size | 0.44 AC |
Corner of SE 8th Ave and SE Pine Street in Portland, OR SE Portland Neighborhood of Buckman close to TriMet Bus Lines as well as Portland Street Car Located within an Opportunity Zone
Description
Property Features: • Select Apartment Units will include Walk-In Closets and Balconies with beautiful views of The Willamette River, Mt. Hood, and Downtown Portland • Building Includes a Spacious Resident Lounge and Fitness Room with an Outdoor Amenity Deck • Nearby Notable Portland Developments Including Soho House, Grand Stark Hotel, District Office and Modera Belmont • Within Walking Distance to the TriMet Bus Lines and within the Portland Streetcar Loops A & B
PROPERTY TAXES
| Parcel Number | R150356 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,092,350 |
PROPERTY TAXES
zoning
| Zoning Code | EXD |
| EXD |
Contacts
-
Nicholas Diamond -
Riley Henderson -
George Diamond -
Capacity Commercial Group LLC
Presented by
306 SE 8th Ave - Pine Street Lofts
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