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Listed by Matin Real Estate
$ 2,200,000
Est. payment | /mo
35,120 SqFt
$ 2,200,000
Est. payment | /mo
35,120 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 35,120 sqft
Price per Sqft $62
MLS Listing ID 504792602
Year Built 1965
Annual Tax Amount $8,085
Lot Size 4.900 Acres
Property Sub-Type Other
Property Description
Unique approximately 5-acre property within Portland city limits offering over 35,000 SF of existing building space, extensive parking, and significant potential for redevelopment or continued commercial/industrial use. Marketed strictly AS-IS, this property provides a rare opportunity for investors, developers, or owner-users looking for substantial land and improvements in an established SE Portland location near Foster Road and SE 162nd Avenue.The property was originally used as a riding area and horse stable and reportedly includes an approximately 22,000 SF outbuilding, arena, horse stalls, barn, and additional structures. Existing improvements reportedly include two to three apartments with updated kitchens, living areas, bedrooms and laundry, along with office space. Natural spring water is also reportedly present on the property.The approximately 5-acre parcel is currently zoned R10 residential, offering potential for future redevelopment subject to buyer due diligence and applicable zoning, land-use, environmental, access, utility, and development requirements. Previous listing information indicated the property could potentially be divided into approximately 25 lots, presenting a potentially significant development opportunity for a qualified buyer. Buyer to independently verify all zoning, building square footage, apartment count, lot division potential, development feasibility, utilities, water source, permits, and all other property information with the appropriate authorities.A rare combination of substantial existing improvements, acreage, parking, and redevelopment potential in SE Portland. Property is being offered AS-IS.
Location
State OR
County Multnomah
Area _143
Zoning R10
Interior
Heating None
Exterior
View Territorial, Trees Woods
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Virtual Tour https://youtu.be/nilOdZVZvKA
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