1835 3Rd AvePortland, OR 97212

This exceptional Portland commercial property, located at 1835 NE 3rd Ave in the vibrant Lower Albina neighborhood (zip code 97212), offers a unique investment opportunity. The 3,600 square foot building sits on three separate tax lots totaling 10,000 square feet, presenting significant development potential. Currently configured as open warehouse/workspace with a roll-up door and exposed wood beam ceilings, the space is adaptable to a wide range of uses. The CM3 zoning allows for retail, office, and even residential development, offering flexibility for future expansion or repurposing. Building height restrictions are 65 feet, increasing to 75 feet with bonus provisions. The floor area ratio (FAR) is 3:1, increasing to 5:1 with bonus provisions. The property boasts heavy power, making it suitable for various businesses. This is a prime redevelopment opportunity in a rapidly growing area of Portland, Oregon, with an asking price of $1,400,000. The property's location provides excellent access to major transportation routes and amenities. Don't miss this chance to acquire a versatile and strategically located commercial property with substantial upside potential.