Norris & Stevens, Inc. is pleased to offer for sale this 4,240 SF development property on West Burnside. This site has flexible zoning and a generous FAR of 4:1 with close proximity to many retail and entertainment amenities providing a unique opportunity for a developer.
In-Place Income: Current month to month lease provides $2,000 per month of net income, providing cash flow while development plans are finalized.
Flexible Zoning: The property is zoned Central Commercial (CX) which allows for a wide range of uses promoting intense development with high building coverages.
Location: The property is centrally located on West Burnside providing ease of access to Portland’s most desired amenity rich neighborhoods, including NW Portland, the Pearl District, Goose Hollow, the up and coming West End and the Central Business District (CBD).
No Existing Buildings: The current use is surface parking eliminating the need for demolition of an existing structure and related costs.
Public Transportation: The site is served by several city bus routes only a few short blocks to both Max Light Rail and the Portland Street Car.