CM3 Development Opportunity 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portland’s Foster Corridor and Lents Town Center district. This 10,722 sq ft property is zoned CM3 – Commercial Mixed Use offers potential for multifamily or mixed-use development along one of Southeast Portland’s designated… Read More urban corridors. The lot size could potentially support a 20–28 unit apartment or mixed-use project with potential for ground-floor retail, live/work space, or neighborhood commercial uses with residential units above (buyer to verify development capacity and permitted uses). CM3 zoning allows a wide range of uses including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects, creating flexibility for builders and investors seeking long-term redevelopment potential.Located minutes from Lents Town Center, the MAX Green Line station, and I-205, the property benefits from easy connectivity due to proximity transit lines and I-205. The Foster corridor has seen streets improvements, pedestrian upgrades, and new mixed-use housing projects that continue to bring activity and redevelopment to the neighborhood. Future residents would be close to Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, and local dining, while remaining connected to downtown Portland. Development opportunities with CM3 zoning and over 10,000 sq ft of land are increasingly rare along the Foster corridor, making this a an opportunity for developers and investors looking to participate in Portland’s next phase of corridor housing and mixed-use growth.Buyer to perform due diligence regarding zoning and development. Read Less
Listing courtesy of Real Broker.
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.25 Acres
MLS Number
641160883
30 Days Snapshot Of 97266
$416k
+5%
(avg) sold price
16
0%
homes sold
59
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Disclosures
Disclosures: Disclosure
Lot
Number Of Lots: 1, Size Acres: 0.25, Size Range: SqFt10000to14999, Size Square Feet: 10,890, Size: 10,000 to 14,999 SqFt
Property
Land Description: Level, Property Sub Type: MixedUse, Zoning: CM3
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.