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.
- 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.