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525 SE Oak St - Central Eastside SE 6th and Oak
0.23 Acres of Industrial Land Offered at $1,800,000 in Portland, OR 97214
Investment Highlights
- Site on 1/2 block running on back side of Grand, recently up-zoned for 175’ height, 9:1 FAR. Potential western views on upper floors & rooftop deck.
- Great 3500 sf industrial building for interim/long term use that would be good for shop/light manufacturing and then storage and yard area .
- E-commerce may be configured on ground floor w/ warehouse & mezzanine or Penthouse built as Rooftop Suite as Startup HQ.
- Conceptual drawing shows 10-story, mixed-use, 128-144 "affordable housing" micro units w/ ground floor residential amenities, some retail & loading.
- 10 yr. income tax exemption for E-overlay: orders, sales, activities that serve the business's overall purpose, even if retail in nature
- 10 yr. property tax exemption for development of of affordable housing. E-commerce overlay offers 10-year property and income tax exemptions.
Executive Summary
Property Facts
| Price | $1,800,000 | Property Subtype | Industrial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 0.23 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 1
| Price | $1,800,000 | Lot Size | 0.23 AC |
| Price Per AC | $7,840,814.05 |
| Price | $1,800,000 |
| Price Per AC | $7,840,814.05 |
| Lot Size | 0.23 AC |
Here is a well located 10,000 sf key site with very usable 3500 sf in the close in eastside. EX zoning and great heights/FAR in prime Central Eastside location. Adjacent Andy and Bax property for sale too to control 3/4 of block.
Description
Opportunity Zone, Enterprise Zone, E-Commerce Overlay and Prosper Portland Programs/Projects offer extraordinary tax advantages are pertinent to this particular site in Portland. This fantastic location lies in Portland's Southeast Quadrant, which includes the Central Eastside District. "The Central Eastside" is slated as Portland's newest “Innovation Quadrant/Live Work District”. What was once industrial and gritty, now recently up-zoned and lively, is a mixture of housing, workspace, services and e-commerce uses. The 3500 sf industrial building is perfect for small manufacturer/shop user then has plenty of yard and parking on either side of the building. The loction is just off the vibrant SE Grand retail and mixed use corridor and close to freeways; access to Pearl and westside
PROPERTY TAXES
| Parcel Number | R150202 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $211,400 |
PROPERTY TAXES
zoning
| Zoning Code | EXd (EX (General Employment) zone is the most desirable and flexible zoning in the city that allows multiple uses such as office, retail, residential.) |
| EXd (EX (General Employment) zone is the most desirable and flexible zoning in the city that allows multiple uses such as office, retail, residential.) |
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525 SE Oak St - Central Eastside SE 6th and Oak
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