$798,000

Excellent development opportunity in a highly desirable close-in Portland location! This level 50 x 100 lot offers CM2 zoning and is being offered together with the adjacent parcel, creating an exciting opportunity for a developer, builder, or investor looking for additional space and flexibility.Located just blocks from the vibrant Alberta Arts District, the property is surrounded by restaurants, shops, neighborhood amenities, and established residential communities. CM2 zoning provides potential for a variety of uses, including multifamily, mixed-use, residential, retail, and other development possibilities, subject to City of Portland approval.The property offers convenient access to major streets and is approximately four blocks from Alberta Park and Vernon K-8 School. Electricity, sewer, and water are available, adding to the potential of this centrally located site.Whether you’re considering a multifamily project, mixed-use development, or holding land for a future investment, this is an opportunity to secure two adjoining parcels in an established Portland neighborhood where buildable land is increasingly difficult to find.This parcel is to be sold together with adjacent parcel R229094. Buyer to perform all due diligence and independently verify zoning, permitted uses, development potential, utilities, lot dimensions, and other information with the City of Portland and appropriate agencies.