NE 97th Ave & NE Couch St
- Infrastructure is in place, with ongoing improvements in the area
- Located adjacent to major interchanges as well as the Gateway transit center, offering multi-modal transportation
- A creative seller with a passion for affordable housing and mixed income communities
- Located in a 2026 QCT (Qualified Census Tract)
- Located in the Gateway Regional Center TIF District (658.50 acres)
- SDC waivers for Affodable housing through through Sept. 30, 2028 (inquire with Portland Housing Bureau)
Property Description
The property consists of 31 contiguous tax parcels encompassing three full city blocks and several partial blocks. The site benefits from a 6:1 floor area ratio, with additional bonus density potential, and permits building heights of up to 120 feet. Situated within Portland’s emerging Gateway neighborhood, the property features frontage along NE 97th Avenue, NE 99th Avenue, NE 100th Avenue, NE Couch Street, and the soon-to-be-developed NE Davis Street. Infrastructure improvements are already underway, with construction having commenced on NE Davis Street between NE 97th and NE 99th Avenues and along NE 97th Avenue from NE Davis Street to E Burnside Street. These improvements are laying the groundwork for future 10- to 14-story mixed-use developments throughout the Gateway district. Phase I of the Gateway Street Plan includes new streets, curbs, sidewalks on both sides of the roadway, landscaping, and the installation of grass and trees. Phase II improvements are scheduled to follow upon completion of Phase I, further enhancing the area’s appeal and supporting continued redevelopment.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $19,990,000 |
| Lot Size: | 6.44 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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