11540 SW 70th Ave. Development Site
Property Details
Price
$625,000
Property Details
Multifamily
Total Lot Size
0.3099173553719 Acres
Description

Situated in the thriving Portland area, this property offers an exceptional investment opportunity thanks to its highly desirable Triangle Mixed-Use zoning. Boasting a prime location, this versatile property is well-suited for a range of development options, including multifamily residences. The favorable zoning allows for flexibility and potential for mixed-use development, making it an appealing choice for forward-thinking investors. With its strategic location and zoning designation, this property offers the chance to capitalize on the dynamic real estate market in the Portland area, making it a lucrative prospect for multifamily development.

Highlights
Zoned Triangle Mixed Use
Qualified Opportunity Zone (potential for significant capital gains tax benefits)
Vertical Housing Development Zone (potential for significant property tax benefits)
Tax Increment Financing Area (grants available for qualified entities)
Versatile development options (four to six stories)
Can be acquired with neighboring site to create a 1.23 acre site
Flexible mixed-use potential
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Brokers

Skip Rotticci, CCIM
Broker
Stu Peterson, SIOR
Broker
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