1931 NE Sandy Boulevard

Property feature image
Address: 1931 NE Sandy Boulevard, Portland, Oregon, US
Created date: January 19, 2024
Date last updated: April 3, 2024
  • Former structure has been razed by the owner to make this an ideal development site
  • The site a flat ‘super block’ consisting of .97 acres (42,253 SF)
  • 265′ frontage on NE Sandy Boulevard with 22,164 traffic count
  • East property boundary is NE 20th Avenue, a main arterial to the Lloyd District
  • North property line is NE Glisan Street, a wider than standard street
  • Seller to provide a Prospective Purchase Agreement (PPA)
  • PPA puts any future liability on seller
  • Environmental reports and analysis available upon request

Property Description

Located in Northeast Portland, this land property is the perfect opportunity for a multifamily development project. The property is zoned CM3 - Commercial Mixed Use, which allows for development of 65' height (6 stories) with potential increase to 75' (7 stories) and 3:1 FAR and a maximum of 5:1 with bonus provisions. The site is served utilities including electric, gas, water and sewer. Adding to the appeal of this property, it is located in The Opportunity Zone, which allows for significant tax benefits for investors. This is a rare opportunity to invest in a property with strong growth potential and the added benefit of tax savings.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Land/Development
Year Built: 1920
Lot Size: 0.97 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 1931 NE Sandy Boulevard, Portland, OR 97232, USA
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