Excellent development opportunity in in a well located area of Portland's Overlook neighborhood. There are a multitude of uses and development configurations allowed, but included in the sale are approved, previously permitted, and detailed plans for a mixed use 4 story structure with three retail spaces on the ground floor and a total of 15 apartments on floors 2-4. The zoning is CM3 which is a large scale commercial mixed use zone intended for sites close to the central city, in high capacity transit station areas or town centers and on civic corridors. Buildings in this zone can be up to seven stories.
Listing Provided Courtesy of Dave Norstedt, Oregon Restaurant Realty LLC
General Information
352608427
MixedUse
5
DOM
5662.8 SqFt
CM3
Multnomah
R231458
Boise-Eliot
Ockley Green 1/10
Jefferson 4/10
Land
MixedUse
OVERLOOK, BLOCK 1, LOT 2-5&14&15 TL 5900
Listing Provided Courtesy of Dave Norstedt, Oregon Restaurant Realty LLC
Krishna Realty data last checked: Feb 22, 2026 03:57 | Listing last modified Feb 17, 2026 11:02,
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Residence Information
No
Features and Utilities
Financial
3627.6
0
Cash,Conventional
02-17-2026
No
No
Comparable Information
5
5
Cash,Conventional
$495,000
$495,000
Feb 17, 2026 11:02
Schools
Elementary : Boise-EliotN/ARatingspublic Middle : Ockley Green
1/10Ratingspublic High : Jefferson
4/10Ratings
Excellent development opportunity in in a well located area of Portland's Overlook neighborhood. There are a multitude of uses and development configurations allowed, but included in the sale are approved, previously permitted, and detailed plans for a mixed use 4 story structure with three retail spaces on the ground floor and a total of 15 apartments on floors 2-4. The zoning is CM3 which is a large scale commercial mixed use zone intended for sites close to the central city, in high capacity transit station areas or town centers and on civic corridors. Buildings in this zone can be up to seven stories.
