8658 SE Division St

Portland, OR 97266

Opportunity abounds with this property located in SE Portland's JADE DISTRICT, one of our city's most diverse neighborhoods. Great set up for automotive sales/repair shop or more. Purchase of adjacent lot @2525 SE 87th Ave. 2 bed/1 bath house can be an added option for more parking, rental unit etc. Total combined lot size is 12, 980 SF. Zoned CM2. Per PDX Maps & Zoning..."The CM2 zone is a medium-scale, commercial mixed-use zone intended for sites in a variety of centers and corridors, in other mixed-use areas that are well served by frequent transit, or within larger areas zoned for multi-dwelling development. Buildings in this zone are generally expected to be up to four stories, except in locations where bonuses allow up to five stories." BUYER TO PERFORM OWN DUE DILIGENCE. Seller will need to negotiate a 60 day possession after closing while continuing to sell inventory in order to clear out and enjoy his retirement. Hoist and other trade equipment can be written into contract, depending on Offer and terms... The JADE DISTRICT is notable for its bustling cultural hub. This property is right in the center of a variety of well-established shops, community services and local restaurants, with PCC just five blocks away. The heavy traffic exposure enhances the value of this location. Public transit is just 25' from the property and with the convenient proximity and easy access to I-205, this an ideal corner of SE Division St for business, housing and more. Sign is included with sale. SELLER HAS COMPLETED BOTH PHASE I & PHASE II ENVIRONMENTAL SITE ASSESSMENTS AND RECEIVED AN "ALL CLEAR, NO FURTHER ACION REQUIRED" FROM DEQ. Call for an appointment.

Listing courtesy of Lorilei Ritmiller of Mal & Seitz ?



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This content last updated on 2024-04-30 05:45 AM PDT.

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