1340 SE 12th Ave, Portland, OR 97214

Strategically Located Redevelopment Parcel For Sale
Located in the Central Eastside/Opportunity Zone

This property provides an excellent opportunity for redevelopment in one of the best locational areas of the robust and desirable Central Eastside in the SE 12th/11th Madison/Hawthorne commercial area. This property with in place income to help carry the property to redevelopment, would be an excellent mixed use investor redevelopment or owner-user opportunity.

Price: $2,000,000.00

Download detailed brochure (pdf)

  • Located 1-2 Blocks from SE Madison and Hawthorne Couplet
  • 12,500 SF property (100’ x 120’)
  • Zoned Commercial Mixed Use 2 (CM2)
  • Improved with 2200 SF restaurant and paved parking for 20 vehicles.
  • FAR 2.5/1 equates to 30,000 SF of new space.
  • Height 35’
  • Bonus of 4:1 FAR equates to 50,000 SF of new space.
  • Height 55’.
  • Can accommodate up to 50 apartment units based on Average Size/700 SF.
  • In place income to help carry property to redevelopment. Lease flexible to allow multiple timelines.