Unique approximately 5-acre property within Portland city limits offering over 35,000 SF of existing building space, extensive parking, and significant potential for redevelopment or continued commercial/industrial use. Marketed strictly AS-IS, this property provides a rare opportunity for investors, developers, or owner-users looking for substantial land and improvements in an established… Read More SE Portland location near Foster Road and SE 162nd Avenue.The property was originally used as a riding area and horse stable and reportedly includes an approximately 22,000 SF outbuilding, arena, horse stalls, barn, and additional structures. Existing improvements reportedly include two to three apartments with updated kitchens, living areas, bedrooms and laundry, along with office space. Natural spring water is also reportedly present on the property.The approximately 5-acre parcel is currently zoned R10 residential, offering potential for future redevelopment subject to buyer due diligence and applicable zoning, land-use, environmental, access, utility, and development requirements. Previous listing information indicated the property could potentially be divided into approximately 25 lots, presenting a potentially significant development opportunity for a qualified buyer. Buyer to independently verify all zoning, building square footage, apartment count, lot division potential, development feasibility, utilities, water source, permits, and all other property information with the appropriate authorities.A rare combination of substantial existing improvements, acreage, parking, and redevelopment potential in SE Portland. Property is being offered AS-IS. Read Less
Listing courtesy of Matin Real Estate.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Square Ft.
35,120
Lot Size
4.9 Acres
Year Built
1965
MLS Number
504792602
30 Days Snapshot Of 97236
$416k
+5%
(avg) sold price
21
-32%
homes sold
57
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 35120, Built in 1965, Current Use: Other, Warehouse, Office Square Feet: 3,680, Stories: 1
Doors
Total Truck Doors: 2, Truck Door Description: Dock
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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