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57 NE Hancock St
Portland, OR 97212

Land For Sale · 0.80 AC

Commercial Land Oregon Portland 57 NE Hancock St, Portland, OR 97212

Executive Summary

45-57 NE Hancock Street presents an outstanding opportunity with great potential for long-term plans. The ±19,775 SF of versatile workspace, featuring office, production, and warehouse areas with beautiful exposed timber and skylights throughout, is ideal for tenants or owner/users. Additionally, the ±10,000 SF warehouse is currently leased through March 2026, providing a fantastic in-place income stream.
Feasibility studies for multi-family development have already been completed for the property as well, offering a valuable contribution to addressing the city's housing crisis.

PROPERTY FACTS

Sale Type Investment Property Subtype Commercial
Sale Conditions Build to Suit Proposed Use Commercial
No. Lots 1 Total Lot Size 0.80 AC
Property Type Land 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.
Sale Type Investment
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.80 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

Lot Size 0.80 AC
Lot Size 0.80 AC

Description

Feasibility study completed for multi-family development. - 190,700 SF w/ 5,000 SF ground floor retail - 7 stories - 215 units - 68 parking stalls

PROPERTY TAXES

Parcel Numbers
Multiple
  • R102318
  • R102319
 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,311,590

PROPERTY TAXES

Parcel Numbers
Multiple
  • R102318
  • R102319
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,311,590

zoning

Zoning Code CM3 (CM-3 (commercial zoning))
CM3 (CM-3 (commercial zoning))
 

  • Listing ID: 32792218

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 57 NE Hancock St, Portland, OR 97212

More public record information on 57 NE Hancock St, Portland, OR 97212

The Land Property at 57 NE Hancock St, Portland, OR 97212 is currently available for sale. Contact Apex Real Estate Partners for more information.

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