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Listed by Real Broker • 503-490-4888
$ 295,000
Est. payment /mo
Price Dropped by $50K
9639 SE FOSTER RD Portland, OR 97266
0.25 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 641160883
HOA Y/N No
Annual Tax Amount $2,774
Tax Year 2021
Lot Size 10,890 Sqft
Property Sub-Type Mixed Use
Property Description
SELLER FINANCING AVAILABLE | 10,722 SF CM3 DEVELOPMENT SITEInvestor and developer opportunity along Portland's Foster Road corridor near Lents Town Center, the MAX Green Line and I-205. Offered at $295,000—approximately $27.51 per square foot of land—this 10,722-square-foot site is zoned CM3 Commercial Mixed Use, providing flexibility for a range of residential and commercial development concepts.Preliminary concepts suggest the site could potentially support a 20–28-unit apartment or mixed-use project, with possibilities including multifamily housing, ground-floor retail, live/work space, offices, commercial services or neighborhood commercial uses with residential units above. Development capacity, permitted uses and City approvals are subject to buyer verification.The location offers convenient access to transit, major transportation routes and downtown Portland. Future residents could enjoy proximity to the Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, dining and services. Continued street, pedestrian and mixed-use improvements along the Foster corridor add to the property's long-term redevelopment potential. The seller will consider short-term financing for a qualified buyer, creating an opportunity to control the property while completing due diligence, design and entitlement work. Buyer to perform independent due diligence regarding zoning, utilities, development capacity and permitted uses. Contact the agent for property information and proposed seller-financing terms.
Location
State OR
County Multnomah
Area _143
Zoning CM3
Exterior
Utilities Available SewerConnected, WaterConnected
Garage No
Schools
Elementary Schools Lent
Middle Schools Alice Ott
High Schools Franklin
Others
Acceptable Financing Cash, Other, OwnerWillCarry
Listing Terms Cash, Other, OwnerWillCarry
Virtual Tour https://huzi-cdn.com/artifacts/bffbm89827oexv2c43oo2jyr/index.html?v=1775500211057
