$1500000
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Bed
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Bath
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2729 SqFt
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182 DOM
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Built: 1937
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Exceptional opportunity for two parcels in one corner lot with two access points. Favorable zoning in the Montavilla neighborhood. Favorable location and zoning for residential units or a 4-story apartment building/complex. CM-2 zoning allows for mixed use such as retail/ residential. Owners will consider longer term financing, if necessary. Home with attached garage: Main home built in 1937 as a residential property with the garage (936 SF) added in 1952. The home was Office Space as a result, the home does not have a kitchen and then was a Children's Daycare Center. The garage was a carpentry shop and most recently an automotive repairs shop with an office. Modular building: Approximately 800 SF with two restrooms and in the past primarily as part of the children's daycare center. Parking area: Currently seller states 20+ parking spots. Exceptional opportunity. Two parcels with one as a corner lot. Ideal setup for an owner/user or a developer. Purchase it today or partner with the owner to unlock the full potential of this property. The seller is willing to participate in future development to capitalize on this exceptional opportunity. With its strategic location and favorable zoning, there is ample room for growth and expansion of this corner property with proximity to main roads and freeways. The seller is willing to consider partial seller carry financing for up to five years.
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
General Information
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638680121
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Income
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182 DOM
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0.29 acres
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2729
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1937
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CM2
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Multnomah
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R284602
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CommercialSale
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Income
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TERRACE PK, BLOCK 4, E 1/2 OF LOT 2, LOT 3
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
Krishna Realty data last checked: Jul 28, 2025 04:26 | Listing last modified Jul 10, 2025 22:01,
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