6011 92Nd AvePortland, OR 97266

Property Details for 6011 92Nd Ave

Year built

1928

Lot size

0.31 AC

Property size (Sq ft)

5,300 SF

Zone code

CG

Property type

Retail space

APN

1S2E16CD 00100

APU

1S2E16CD00100

Description

This exceptional commercial land offering presents a unique investment opportunity in Portland, Oregon's vibrant Lents neighborhood. Encompassing four contiguous parcels totaling 21,983 square feet (approximately half an acre), this property boasts a highly desirable CM3 zoning designation, allowing for large-scale commercial mixed-use development. The site is strategically located at 6011 SE 92nd Ave, a corner lot providing excellent visibility and accessibility, fronting both Woodstock Blvd and SE 92nd Ave. Situated within the Lents Town Center Redevelopment District, this location benefits from the ongoing revitalization efforts transforming this culturally diverse area of East Portland. The CM3 zoning permits a building height of up to 65 feet or six stories, offering significant development potential. While parking requirements should be reviewed, this prime location within a thriving community presents a compelling opportunity for a variety of commercial ventures. The property's APN is R108287, R108286, R108285, and R108283. Offered at $2,000,000. This is a for sale by owner listing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,139,876

  6.5%

  $1,975,270

  7%

  $1,834,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,572,098

  Geo Method

  $2,572,098

• Alternative Use

  Use

  Valuation

  Residential

  $1,666,214

  Hospitality

  $1,526,243

  Educational

  $1,269,817

  Medical

  $1,313,488

  Retail

  $1,975,270

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4789

Longitude

-122.569

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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