For Sale
$5,000,000

7601 Division St Portland, OR 97206

Prime 0.92-acre Portland development site.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 0.92-acre development opportunity is located at 7601 SE Division Street in Portland, Oregon, within Multnomah County (zip code 97206). Zoned CM2 (Commercial/Mixed Use 2), this property offers significant potential for a variety of uses, including multifamily residential, retail, office, and medical facilities. The asking price is $5,000,000. Its strategic location is just one block from Portland Community College, ensuring high visibility and accessibility. Based on a 4:1 Floor Area Ratio (FAR) plus bonus potential, the buildable area could reach 160,300 square feet. A multifamily development could potentially accommodate up to 213 units, assuming an average unit size of 750 square feet

Highlights

  • Development site at SE Division St. & SE 76th Ave.
  • 4:1 FAR with bonus potential, allowing for approximately 160,300 square feet of buildable area.
  • Multifamily development potential of up to 213 units (750 sq ft average unit size), or higher density with micro-units.
  • CM2 (Commercial/Mixed Use 2) zoning.
  • Permitted uses include multifamily residential, retail, and office.

Property Details for 7601 Division St

Property type
Land, Commercial land
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.50542222
Longitude
-122.58510117

FAQs

What type of property is this?
Land - Prime 0.92-acre Portland development site.
Where is the land located?
The property is located at 7601 Division St Portland, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Development site at SE Division St. & SE 76th Ave.; 4:1 FAR with bonus potential, allowing for approximately 160,300 square feet of buildable area.; Multifamily development potential of up to 213 units (750 sq ft average unit size), or higher density with micro-units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7601 Division St
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