Property Description

This exceptional property at 150 SE 82nd Avenue presents a rare redevelopment opportunity in one of Portland's most dynamic corridors, offering multiple value-creation pathways for visionary investors and developers. Strategically positioned on SE 82nd Avenue-a major arterial with over 40,000 vehicles daily-this site benefits from over $185 million in planned infrastructure improvements including street reconstruction, enhanced transit service, and economic development initiatives accelerating private development activity. The property's flexible zoning supports compelling scenarios including ground-floor retail with exceptional arterial exposure, multi-family residential addressing strong East Portland housing demand, or owner-user opportunities for businesses seeking visibility and equity. Robust demographics with over 180,000 residents within three miles, Portland MSA household incomes averaging $89,000+, and continued employment growth drive substantial demand for quality housing and retail services. The combination of high-traffic arterial access, catalytic infrastructure investment, strong demographic fundamentals, and flexible development options positions sophisticated investors to capitalize on Portland's eastward growth trajectory along this premier corridor connecting East Portland neighborhoods to downtown and regional employment centers.