Rare Owner-User or Development Opportunity

Investment Overview

This 36,960 SF CM2-zoned property in Portland’s Centennial neighborhood presents a unique opportunity for both owner-users and developers. The existing improvements and large, secured yard provide flexibility for a variety of commercial users, while the site also offers significant longer-term redevelopment potential. For developers, plans have been prepared for a 4-story, 165-unit mixed-use apartment project with ground-floor retail, with engineering and entitlement work approximately 70% complete. This provides a future owner with the option to utilize the property in its current configuration or pursue the previously planned redevelopment.

Investment Highlights

• Owner-user or redevelopment opportunity
• Existing commercial improvements with large secured yard
• 36,960 SF parcel with CM2 zoning
• Plans for 165 apartment units plus ground-floor retail
• Engineering and entitlement approximately 70% complete
• MAX Blue Line access and strong freeway connectivity