525 Oak StPortland, OR 97214

This exceptional 10,000 square foot commercial land parcel presents a remarkable redevelopment opportunity in Portland's vibrant Central Eastside submarket. Situated at 525 SE Oak Street, this quarter-block site boasts an enviable location just one block from the bustling commercial corridor of SE Grand Avenue at 6th and Oak. The property includes a 3,000 square foot building currently leased month-to-month, offering immediate income potential for an owner-user or flexibility for redevelopment. The expansive yard area adds to the property's versatility. Zoned EX, the most flexible zoning designation in the city, allows for a wide range of uses, including retail, office, multi-family residential, and light industrial developments. This zoning, coupled with a favorable floor area ratio (FAR) and height restrictions, permits the construction of a building up to 7-8 stories high. The property offers excellent access to major freeways, downtown Portland, and the Pearl District. Seller financing may be available for qualified buyers. This is an unparalleled chance to acquire a highly desirable property in one of Portland's most sought-after locations.