CENTRAL EASTSIDE LAND

SE 3RD & MORRISON, PORTLAND OR

REAL ESTATE INVESTMENT GROUP
George N. Diamond
503.222.2178 (offce)
503.781.4764 (cell)
gdiamond@reig.com
Nicholas G. Diamond
503.222.2655 (offce)
503.887.8344 (cell)
ndiamond@reig.com
DEVELOPMENT
LAND
FOR SALE
REAL ESTATE
INVESTMENT GROUP
2839 SW 2nd Avenue
Portland OR, 97201
503.222.1655 (ph)
503.274.6610 (fax)
06.16.2014
Licensed in the
State of Oregon
CENTRAL EASTSIDE DEVELOPMENT LAND AVAILABLE FOR SALE
Price: $1,650,000 ($165 psf)
Size: 0.23 Ac. (10,019 sf)
Zoning: IG1 - General Industrial 1 (Existing)
Exd - Comprehensive Plan Designation
Exd: Central Employment - Design Review Overlay
Exd Zoning Allows for a Wide Array of Uses including Residential
9:1 FAR Under Exd Zoning
Existing Parking Income
Location Features:
Located in the Inner Eastside Industrial Area of Portland
Located next to City Liquidators and Montage
Close to the Morrison Bridge, SE Grand Ave., and SE MLK Jr Blvd.
Terms:
Owner will Consider Offers for Traditional Sale, Joint Venture, or Trade
REAL ESTATE
INVESTMENT GROUP
2839 SW 2nd Avenue
Portland OR, 97201
503.222.1655 (ph)
503.274.6610 (fax)
PAGE 2
The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.
REAL ESTATE
INVESTMENT GROUP
CENTRAL EASTSIDE LAND
SE 3RD & MORRISON, PORTLAND OR
George N. Diamond
503.222.2178 (offce)
503.781.4764 (cell)
gdiamond@reig.com
Nicholas G. Diamond
503.222.2655 (offce)
503.887.8344 (cell)
ndiamond@reig.com
Licensed in the
State of Oregon
DEVELOPMENT
LAND
FOR SALE

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This information is deemed reliable
but is not guaranteed.
Aerial
Taxlot
Subject

Prepared By: Prepared By:

06/06/2014 06/06/2014
REAL ESTATE
INVESTMENT GROUP
PAGE 3
The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.
CENTRAL EASTSIDE LAND
SE 3RD & MORRISON, PORTLAND OR
2013 Estimated Population Count:
2018 Estimated Population Projection:
2013 Estimated Median Age:
18,768
20,099
35.6
187,325
200,236
36.4
412,896
437,012
37.2
DEMOGRAPHIC INFORMATION 1 Mile Radius 3 Mile Radius 5 Mile Radius
Age
2013 Estimated Avg. Household Income: $43,810 $67,635 $68,565
Income
2013 Estimated Avg. Housing Value: $401,352 $419,752 $350,212
Housing Value
Population
SITE
Contact W mcknze.com Tom Wright E twright@mcknze.com Ryan Schera E rschera@mcknze.com
Portland, Oregon 503.224.9560 RiverEast Center 1515 SE Water Avenue, Suite 100
Prepared June 2014
840 SE 3RD AVENUE
Tax Lot 1S1E03AA 4600
CURRENT ZONING
IG1 (General Industrial 1)
Central City Plan District
DEVELOPMENT OPPORTUNITES
Due to comprehensive plan designation of EXd, could be rezoned from IG1. This would
allow a wider range of uses such as retail, ofce, and residential.
Zone change is a Type III quasi-judicial public hearing process (usually 3-4 months)
and approximately $17,000 in City fees (zoning map amendment and pre-application
conference). Criteria for approval include demonstrating that public services (water,
sanitary and storm sewer, transportation) are available to serve the new potential uses.
City of Portland Zoning Map
SITE
10,000 SF (0.23 AC)
DIMENSIONAL STANDARDS
Max. FAR: 9:1 (potential bonuses of
additional 3:1)
Min. Building Setbacks (all lot lines): 0
Max. Building Coverage: 100%
Max. Building Height: 200
Required Parking: None (near transit
street, SE MLK Blvd)
Ground Floor Window Standards
apply
ALLOWED USES INCLUDE
Residential (including apartments
or condos)
Retail Sales And Service
Ofce
Manufacturing And Production
Wholesale Sales
Industrial Service
DIMENSIONAL STANDARDS
Max. FAR: 9:1 (potential bonuses of additional 3:1)
Min. Building Setbacks (all lot lines): 0
Max. Building Coverage: 100%
Max. Building Height: 200
Required Parking: None (near transit street, SE
MLK Blvd)
ALLOWED USES INCLUDE
Manufacturing And Production
Wholesale Sales
Industrial Service
LIMITED USES INCLUDE
One Retail Sales And Service or Ofce use (up
to 3,000 SF and 1:1 FAR) (Up to 25,000 SF as a
conditional use)
One Ofce use (up to 3,000 SF and 1:1 FAR) (Up
to 60,000 SF as a conditional use)
POTENTIAL ZONING
EXd (Central Employment, Design Review overlay)
Central City Plan District