2734-2738 Alberta St Portland, OR 97211

This exceptional 2,500 square foot commercial lot is ideally situated in Portland, Oregon's vibrant Alberta Arts District at 2734-2738 NE Alberta St, zip code 97211. The property boasts a CM2 zoning designation, allowing for a diverse range of development opportunities. This includes retail, office space, residential units, and limited manufacturing, with potential for buildings up to four stories (or five with bonus provisions). The lot's location offers unparalleled access to public transportation, being situated directly on a TriMet bus line and a short distance from a popular bike boulevard. Its corner location ensures high visibility and accessibility. The surrounding area is thriving, featuring a rich mix of established businesses, including Pine State Biscuits, Great Notion Brewing, Euphoria Food, Wun Two barber, Lesley Evers clothing, Chilango Vegan Mexican, a food cart pod, Thicket Garden Center, The Knock Back, Le Chat Du Cafe, and Baerlic Beer Co., among many others. The CM2 zoning allows for a 2.5:1 Floor Area Ratio (FAR), increasing to 4:1 with bonus provisions. Parking requirements vary depending on the proposed use and proximity to transit. This presents a unique investment opportunity in a highly sought-after location with significant development potential. The asking price for this remarkable property is $495,000.