Ideal Development Opportunity in Portland

14650 E Burnside St Portland, OR 97233

14650 E Burnside St, Portland, OR, 97233
14650 E Burnside St, Portland, OR, 97233
FOR SALE
Property Type:
Multifamily Land
Amount:
$768,000
Last Verified:
Jan 20, 2022

Highlights

  • Right across the street from MAX Blue Line stop
  • In close proximity to I-84 and I-205 connection
  • Ability to build up to 64 units on property
  • Close to David Douglas High School and Glenfair Elementary
  • FAR 2:1 with Bonus FAR 4:1 (36,120 SF)

Description

Rare 0.2 acres available for development on busy East Burnside Street. Zoned RM3, up to 64 units can be built on this parcel. The property lies across the street from a Max Blue Line stop, and in close proximity to the I-84 and I-205 interchange. David Douglas High School and Glenfair Elementary are within easy walking distance making for the perfect multifamily or mixed use building. Big box retail, grocery stores, restaurants, and childcare services are all within a short drive.

TriMet MAX Blue Line E 148th Stop across the street, making for the perfect setting for multifamily or mixed use apartments. I-205 and 30 are minutes away.

Lot Size: 0.21 acres


Documents

Sale Brochure

Map of 14650 E Burnside St, Portland, OR, 97233

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.