2324 SE Belmont St, Portland, OR 97214
Marcus & Millichap has been chosen to exclusively market for sale a package of 3 land parcels located at 2324-2336 SE Belmont St. Each parcel is 3,920 square feet for a total square footage of 11,760.
The current zoning is Commercial Mixed-Use 2 (CM2), which allows for a variety of uses including retail, office and residential. A Maximum of FAR 2.5 to 1 and a maximum 450 height limit which is generally 4 stories.
SE Belmont is among Portlands hippest neighborhoods and is home to numerous bars and eateries. Despite SE Portland being a center for entertainment, it is extremely bicycle friendly and includes lots of family neighborhoods with a small-town feel. The Korean grocery superstore H-Mart opened a location a few blocks away.
With Portland continuing to experience significant in-migration, and with fewer and fewer development sites in premier neighborhoods like Belmont, especially with the 3 separate parcels which allows one to do a phased development or 3 separate multi family properties, the Subject Property offers an exciting development opportunity.
Marcus & Millichap has been chosen to exclusively market for sale a package of 3 land parcels located at 2324-2336 SE Belmont St. Each parcel is 3,920 square feet for a total square footage of 11,760.
The current zoning is Commercial Mixed-Use 2 (CM2), which allows for a variety of uses including retail, office and residential. A Maximum of FAR 2.5 to 1 and a maximum 450 height limit which is generally 4 stories.
SE Belmont is among Portlands hippest neighborhoods and is home to numerous bars and eateries. Despite SE Portland being a center for entertainment, it is extremely bicycle friendly and includes lots of family neighborhoods with a small-town feel. The Korean grocery superstore H-Mart opened a location a few blocks away.
With Portland continuing to experience significant in-migration, and with fewer and fewer development sites in premier neighborhoods like Belmont, especially with the 3 separate parcels which allows one to do a phased development or 3 separate multi family properties, the Subject Property offers an exciting development opportunity.
