8523 Stark StPortland, OR 97216

This exceptional 12,500 - 12,637 square foot corner lot, located at 8523 SE Stark St, Portland, OR 97216 (APN R284602 / R284603 / R82451630), presents a compelling value-add investment opportunity. Currently zoned CM-2 (MU_C), this mixed-use property allows for the development of up to 60 residential units, offering significant potential for substantial returns. The property consists of two adjacent parcels and includes existing structures. The seller, Stark Properties, LLC, is offering the property for sale at $1,500,000 and will also consider a land lease arrangement, providing flexibility for potential buyers or developers. This prime location in Multnomah County boasts convenient access to major roadways and freeways, enhancing its appeal and marketability. The property's strategic positioning and favorable zoning regulations create a unique opportunity for a mixed-use development or a purely residential project. The existing structures on the site, which include a home, modular building, garage, and designated parking areas, could be incorporated into a larger development plan or repurposed to suit the buyer's vision. This is a rare chance to acquire a significant parcel of land in a thriving Portland neighborhood.