Commercial

2324 SE Belmont St

2324 SE Belmont St, Portland, OR 97214

Listing Price: $1,795,000

Lot Size
0.27 acres
Price/Acre
$6,648,261
Land Type
Redevelopment

Investment Overview

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.

Investment Highlights

  • 3 Separate Parcels allow for phased development
  • High Income Area-Avg HH Income $95K in 3 mile radius
  • Great Identity on SE Belmont
  • Urban In-Fill SE Portland Location
  • SE Belmont among Portlands premier retail hubs

Exclusively Listed By

Listing Price: $1,795,000

Lot Size
0.27 acres
Price/Acre
$6,648,261
Land Type
Redevelopment

Investment Highlights

  • 3 Separate Parcels allow for phased development
  • High Income Area-Avg HH Income $95K in 3 mile radius
  • Great Identity on SE Belmont
  • Urban In-Fill SE Portland Location
  • SE Belmont among Portlands premier retail hubs

Investment Overview

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.

Exclusively Listed By

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