5937 Mason StPortland, OR 97218

This exceptional development opportunity encompasses two parcels totaling nearly an acre of land in Portland's desirable Cully neighborhood. The property, located at 5937 and 5947 NE Mason Street, presents a unique chance to create a thriving residential community. Parcel 5937 NE Mason Street, spanning 21,094 square feet, is zoned RM1, while the adjacent 5947 NE Mason Street, encompassing 20,677 square feet, is zoned R7. These zoning designations offer considerable flexibility for various residential projects, including apartments, townhomes, or a cluster of cottages. The property's location is further enhanced by its proximity to the upcoming Mason/Skidmore Neighborhood Greenway Project, scheduled for completion in late summer 2024. This project will transform Mason Street into a low-traffic, pedestrian and bicycle-friendly roadway, increasing the desirability and value of the property. A conditions survey and tree survey were completed in 2021 and are available upon request. The existing structures on the property are considered to have no value. Potential buyers are strongly encouraged to conduct their own due diligence. The asking price for this remarkable development opportunity is $1,100,000. The Assessor's Parcel Numbers (APN) are R139101 & R139103. Ownership is held by 6005 MASON LLC.