4001 NE Cully offers a hard to find .54 acre redevelopment opportunity in the heart of NE Portland's beloved Cully neighborhood. 23,567 square feet of land and a base FAR of 2.5:1 provides the opportunity to develop almost 59,000 square feet of interior space. Bonus provisions can increase the FAR… Read More to 4:1 yielding almost 94,000 square feet of interior. CM2 zoning allows up to 45 feet of height, increasing to 55', and sometimes 75', with bonus provisions. This property offers the ability to deliver a mixed-use building, apartments, live/work units, or affordable housing — all aligned with the neighborhood’s revitalization trajectory. With strong frontage on NE Cully Blvd and easy access to transit and neighborhood amenities, this parcel presents an ideal canvas for an investor or builder seeking to deliver local services plus housing at an urban-edge scale — and to capture the growing demand for close in, mixed-use nodes in NE Portland. Read Less
Listing courtesy of Think Real Estate.
Listing Snapshot
Days Online
156
Last Updated
Property Type
MixedUse
Lot Size
0.54 Acres
MLS Number
554960823
30 Days Snapshot Of 97213
$621k
+19%
(avg) sold price
37
+37%
homes sold
16
-78%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Current Use: Residential, Other Structures: NoValue, Residence
Disclosures
Disclosures: Disclosure
Lot
Features: OnBusline, PublicRoad, Trees, Number Of Lots: 1, Size Acres: 0.54, Size Range: SqFt20000toAcres1, Size Square Feet: 23,522, Size: 20,000 SqFt to .99 Acres
Property
Land Description: Level, Property Sub Type: MixedUse, Zoning: CM2
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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