306 8Th AvePortland, OR 97214

Property Details for 306 8Th Ave

Year built

1946

Lot size

0.44 AC

Property size (Sq ft)

17,675 SF

Zone code

EXD

Property type

Industrial properties

APN

1N1E35CC 10400

APU

1N1E35CC10400

Description

This exceptional opportunity presents a fully entitled 144-unit residential development site in Portland, Oregon's desirable Buckman neighborhood. Located at the corner of SE 8th Ave and SE Pine Street, this 19,088 square foot lot is priced at $5,000,000 ($34,722 per square foot). The project includes vested pre-inclusionary zoning and sits within an Opportunity Zone, offering significant investment advantages. The conceptual design features a seven-story mixed-use building encompassing studio, one, and two-bedroom units, along with 3,255 square feet of commercial space. Residents will enjoy amenities such as a resident lounge, fitness room, and outdoor amenity deck. Select units boast walk-in closets and balconies offering stunning views of the Willamette River, Mount Hood, and the Portland skyline. The building also includes a 26-space parking garage. Its prime location provides easy access to TriMet bus lines and the Portland Streetcar (Loops A & B), placing residents near notable developments like Soho House and the Grand Stark Hotel. This permit-ready project offers a compelling investment opportunity with strong potential for significant returns. The total building gross area is 109,586 square feet, plus an additional 5,659 square feet of amenity space.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5205

Longitude

-122.657

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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