5910 49Th AvePortland, OR 97206

For Sale
$975,000

13,000 SF lot, prime Portland location

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 13,000 square foot commercial lot presents a remarkable development opportunity in Portland, Oregon's vibrant Woodstock neighborhood. Located at 5910 SE 49th Avenue, this flat, rectangular parcel boasts approximately 126 feet of frontage on SE 49th Avenue, featuring two curb cuts for convenient access. The site is currently paved and offers potential for 37-43 parking spaces, a significant advantage in this bustling area. The property benefits from a high-traffic location, with an estimated 13,487 average daily traffic count at the nearby intersection of Woodstock Boulevard and SE 50th Avenue (2022 data). Its position on a bus line, with a stop at Woodstock and 49th, ensures excellent public transit access. The surrounding area is rich with amenities, including major retailers such as Safeway, Bi-Mart, Starbucks, and numerous other businesses, ensuring high visibility and foot traffic. The property's proximity to Dick's Primal Burger and the newly constructed (2022) Novus Apartments further enhances its desirability. Zoned CM2 (Commercial Mixed Use 2), this lot offers flexibility for a wide range of development projects, capitalizing on the neighborhood's thriving commercial scene and strong residential base. The area's walkability, bikeability, and proximity to parks, schools, Reed College, and the Eastmoreland Golf Course add to its appeal. This is an exceptional chance to invest in a high-growth area with significant potential for return. The asking price is $975,000.

Highlights

  • Flat, rectangular 13,487 SF parcel.
  • Paved site with potential for 37-43 parking spaces.
  • 126 feet of frontage on SE 49th Ave with two curb cuts.
  • Pedestrian crossing at the 49th Ave intersection.
  • ±13,487 Average Daily Traffic (ADT) at Woodstock & SE 50th (2022).
  • Located on a bus line.

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.479737888348
Longitude
-122.61241953528
5910 49Th Ave, Portland, Oregon

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5910 49Th Ave
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