1380 Multnomah StPortland, OR 97232

For Sale
Call for price

4.53-acre development site, central Portland.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4.53-acre development site, known as the Lloyd Superblock, presents a rare opportunity in Portland's vibrant Lloyd District. Located at 1380 NE Multnomah St, Portland, OR 97232, this property is the largest assemblage of prime real estate currently available in the Central City. Its strategic location places it blocks from significant developments like Hassalo on Eighth, creating a thriving 18-hour neighborhood. The area benefits from ongoing revitalization efforts encompassing Lloyd Center, Holladay Park, and the Hyatt Regency hotel. Excellent transit access is provided by a nearby TriMet MAX Light Rail stop, connecting to Portland's downtown and surrounding areas. The site is surrounded by a diverse array of amenities, attracting a significant millennial population and contributing to strong multifamily market performance. Zoned as Central Commercial (CXd), the Lloyd Superblock allows for new commercial structures up to 150 feet high, with potential bonuses reaching 225 feet. A base FAR of 9 is offered, with potential bonuses increasing this to 12 FAR. The site is part of Portland's Central City plan district, designed for high-density urban development. The property is offered "as-is, where-is," allowing for unique and individual development plans. This presents a unique investment opportunity in a high-demand location with significant potential for future growth.

Highlights

  • Highly sought-after submarket location.
  • Prime shopping and entertainment district.
  • Excellent accessibility.
  • Flexible zoning with high density potential.
  • Strong growth trajectory.

Property Details for 1380 Multnomah St

Property type
Other land, Other industrial properties
Lot Size (sq. ft)
197,327 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.530769
Longitude
-122.651535
1380 Multnomah St, Portland, Oregon

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1380 Multnomah St
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