North Portland Multifamily Site
Property Details
Price
$1,250,000
Property Details
Multifamily
Total Lot Size
0.16666666666667 Acres
Description

6719 N Maryland Avenue is a 7,260-square-foot multifamily development site in North Portland. It's in a superb location with several new multifamily buildings adjacent to it. The site includes various utilities such as water, telephone, cable, and sewer. Power is provided by Portland General Electric and gas is provided by Northwest Natural.

The site is zoned CM3 which is a large-scale, commercial mixed-use zone intended for sites close to the Central City, in high-capacity transit station areas or town centers, and on civic corridors. Buildings in this zone are generally expected to be up to six stories and may be up to seven stories when bonuses are used.

Highlights
Flat corner lot
CM3 zoning allows for a floor area ratio of 3:1 and a 65-foot height limit
Bonus density is available
Close to the Interstate 5 interchange
Close to N Interstate MAX Light Rail
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Brokers

Skip Rotticci, CCIM
Broker
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