Investment Overview
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.
Investment 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