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Listed by Berkshire Hathaway HomeServices NW Real Estate • 503-668-8050
$ 1,500,000
Est. payment | /mo
0.3 Acres Lot
$ 1,500,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Hermon Heights
MLS Listing ID 24494866
Annual Tax Amount $4,127
Tax Year 2023
Lot Size 0.300 Acres
Property Description
Builder and developer investment alert! Property is in quite an opportunity zone. Value in the land. 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 tenants living in property. Tenants in property now. Do not disturb. HES score 2.https://rpt.greenbuildingregistry.com/hes/OR10200583.pdf
Location
State OR
County Multnomah
Area _143
Zoning RHT, RX
Exterior
Utilities Available ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected
View City, Seasonal, Trees Woods
Garage No
Building
Lot Description Light Rail, On Busline, Public Road
Schools
Elementary Schools Vestal
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, Trade
Listing Terms CallListingAgent, Cash, Contract, Conventional, Trade
