Property Description

Prime NE PDX Hub location. Builder and developer investment alert! Property is in emerging gateway neighborhood and opportunity zone. Value is in the land and development potential. Convenient access to I-205 and I-84 with close proximity to Gateway mass transit station, bus and light rail stops. RX zone is a high-density multi-dwelling zone that allows the greatest intensity of development scale in the residential zones. The zone is applied within Portland's most intensely urban areas, specifically the Central City and the Gateway Regional Center. Allowed housing development is characterized by large buildings with a very high percentage of building coverage. The major types of new housing development will be mid-rise and high-rise multi-dwelling structures, often with allowed retail, institutional, or other service-oriented uses. Development is intended to be pedestrian oriented, with buildings that contribute to an urban environment with a strong street edge of buildings located close to sidewalks. The Design overlay zone is applied to this zone. Excellent transit score 71. Very walkable score 76, Biker's paradise score 95! Some photos taken prior to tenant living in home. Tenants in property. Do not disturb. HES score 2.https://rpt.greenbuildingregistry.com/hes/OR10200583.pdf Investor hold options. Great rental location for home-based business or project center seeking visibility and accessibility. High traffic area. Fenced and gated. Flexible terms: conventional, cash, contract or trade.