For Sale
$1,500,000

8523 Stark StPortland, OR 97216

Mixed-use potential, corner lot, seller financing.

Overview

Added:
Feb 3
Days on market:
63
This exceptional Portland property offers a unique investment opportunity. Located at 8523 SE Stark St, Unit 8523, this 0.29-acre corner lot boasts two parcels with dual access points and favorable CM-2 zoning in the Montavilla neighborhood. The property encompasses a 2,729 square foot main building, originally constructed in 1937 as a residence, later used as office space and a daycare center. A 936 square foot garage addition (1952) has served as a carpentry shop and auto repair facility, including an office. A separate, approximately 800 square foot modular building with two restrooms complements the main structure. The seller indicates there are currently 20+ parking spaces available. The zoning allows for mixed-use development, including retail and residential, making it ideal for a 4-story apartment building or similar project. This presents an excellent opportunity for an owner-user or developer. The seller is open to exploring longer-term financing options, potentially including partial seller financing for up to five years, to facilitate a smooth transaction and maximize the property's potential. This prime location offers easy access to major roads and freeways, promising significant growth and expansion opportunities.

Property Details for 8523 Stark St

Property type
Office properties
Square Feet
2,729 SF
Year Built
1937
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.51934
Longitude
-122.5754
8523 Stark St, Portland, Oregon

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8523 Stark St
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