1380 Multnomah StPortland, OR 97232

Property Details for 1380 Multnomah St

Lot size

4.53 AC

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 4.53-acre development site, known as the Lloyd Superblock, presents a rare opportunity in Portland's vibrant Lloyd District. Located at 1380 NE Multnomah St, Portland, OR 97232, this property is the largest assemblage of prime real estate currently available in the Central City. Its strategic location places it blocks from significant developments like Hassalo on Eighth, creating a thriving 18-hour neighborhood. The area benefits from ongoing revitalization efforts encompassing Lloyd Center, Holladay Park, and the Hyatt Regency hotel. Excellent transit access is provided by a nearby TriMet MAX Light Rail stop, connecting to Portland's downtown and surrounding areas. The site is surrounded by a diverse array of amenities, attracting a significant millennial population and contributing to strong multifamily market performance. Zoned as Central Commercial (CXd), the Lloyd Superblock allows for new commercial structures up to 150 feet high, with potential bonuses reaching 225 feet. A base FAR of 9 is offered, with potential bonuses increasing this to 12 FAR. The site is part of Portland's Central City plan district, designed for high-density urban development. The property is offered "as-is, where-is," allowing for unique and individual development plans. This presents a unique investment opportunity in a high-demand location with significant potential for future growth.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5308

Longitude

-122.652

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