525 Oak StPortland, OR 97214

Exceptional redevelopment opportunity in Portland's thriving Central Eastside. This 10,000 square foot lot boasts EX zoning, allowing for significant development potential. The property includes a functional 3500 square foot industrial building featuring a grade-level door, three-phase power, and ample yard/storage space on both sides, ideal for various uses such as a woodshop or light manufacturing. Its prime location, near SE Grand at Oak and SE 6th, offers unparalleled access to the area's vibrant growth. Over $1.5 billion in new investment has transformed the Central Eastside in the last decade, adding over 1 million square feet of Class A office space, 4500 new apartments, 5000 jobs, and 100 new businesses. This site provides a strategic location within this dynamic neighborhood, allowing for immediate use of the existing building while capitalizing on long-term development prospects. The property includes 20 parking spaces. The seller is open to exploring flexible financing options to facilitate a successful transaction. This is a rare chance to acquire a highly desirable property in one of Portland's most sought-after areas.