$1950000

Bed
Bath
SqFt
0 DOM
Built:
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Prime development opportunity along NE Sandy Blvd in East Portland’s Parkrose submarket, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. The offering consists of two adjacent parcels totaling approximately 2.68 acres (116,741 SF), zoned CM1 (Commercial Mixed-Use 1), allowing for a mix of residential and commercial uses including multifamily and neighborhood-serving retail.The site provides scale that is increasingly rare for infill development in Portland, making it well suited for a multifamily or mixed-use project designed to meet ongoing housing demand. A natural creek traverses a portion of the property, and sections are designated with Environmental Conservation (“c”) and Environmental Protection (“p”) overlays, which may require setbacks and impact overall site planning. At the same time, these features present an opportunity to incorporate natural open space and amenity-driven design into future development.Strategically positioned along a key commuter corridor connecting Portland to Gresham, the property benefits from proximity to public transit, I-205, Portland International Airport, and major employment hubs. The surrounding area continues to experience population growth and redevelopment activity, supporting long-term value appreciation.This offering is well suited for developers seeking a flexible, large-scale mixed-use or multifamily site in a supply-constrained market. Buyer to perform all due diligence regarding zoning, environmental overlays, and permitted uses.

Listing Provided Courtesy of Ian Crist, Bridge Creek Realty

General Information

MLS #502535901
TypeMixedUse
Days on Market 0 DOM
Beds
Lot Size 0.83 acres
Baths
SqFt
Year built
ZoningCM1
CountyMultnomah
Tax IDR320242
ElemWilkes 2/10
MiddleParkrose
HighReynolds
PropCategoryLand
PropTypeMixedUse
Neighborhood (Legal)SECTION 19 1N 3E, TL 1500 0.83 ACRES

Listing Provided Courtesy of Ian Crist, Bridge Creek Realty

Krishna Realty data last checked: May 01, 2026 17:25 | Listing last modified May 01, 2026 08:30, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
Roof
Garage
Style
Parking
Levels
Year Built
Green CertNo
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
Water
Heat
Sewer
Hot Water
Fuel

Financial

PTax/Yr7431.09
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash
List Date05-01-2026
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 0
CDOM 0
Sold Date
TermsCash
Original Price$1,950,000
List Price$1,950,000
Sold Price
Last ModifiedMay 01, 2026 08:30

Schools

public Elementary : Wilkes 2/10 Ratings

Middle : Parkrose N/A Ratings

High : Reynolds N/A Ratings

Map

Listing courtesy of Bridge Creek Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: May 01, 2026 17:25 | Listing last modified May 01, 2026 08:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

16340 NE SANDY BLVD

$1,950,000