- For Sale $2,000,000
- Property Type Retail - Restaurant
- Property Size 2,200 SF
- Lot Size 12,500 Acre
- Parking Spaces Avail. 20
- Parking Ratio 9.09 / 1,000 SF
- Date Updated Mar 22, 2024
Strategically Located Redevelopment Parcel For Sale
Located in the Central Eastside/Opportunity Zone
This property provides an excellent opportunity for redevelopment in one of the best locational areas of the robust and desirable Central Eastside in the SE 12th/11th Madison/Hawthorne commercial area. This property with in place income to help carry the property to redevelopment, would be an excellent mixed use investor redevelopment or owner-user opportunity.
Price: $2,000,000.00
Located 1-2 Blocks from SE Madison and Hawthorne Couplet
12,500 SF property (100’ x 120’)
Zoned Commercial Mixed Use 2 (CM2)
Improved with 2200 SF restaurant and paved parking for 20 vehicles.
FAR 2.5/1 equates to 30,000 SF of new space.
Height 35’
Bonus of 4:1 FAR equates to 50,000 SF of new space.
Height 55’.
Can accommodate up to 50 apartment units based on Average Size/700 SF.
In place income to help carry property to redevelopment. Lease flexible to allow multiple timelines.
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Contacts
Location
Getting Around
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Walk Score ®
96/100
Walker's Paradise
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Transit Score ®
65/100
Good Transit
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Bike Score ®
99/100
Biker's Paradise
- City Portland, OR
- Neighborhood Buckman
- Zip Code 97214
- Market Portland
Points of Interest
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Southeast Grand & Hawthorne
0.35 miles
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Southeast Grand & Taylor
0.37 miles
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Southeast Martin Luther King & Hawthorne
0.41 miles
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Southeast Grand & Mill
0.42 miles
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Southeast Martin Luther King & Taylor
0.42 miles
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Southeast Grand & Belmont
0.43 miles
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Southeast Martin Luther King & Mill
0.48 miles
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Southeast Martin Luther King & Morrison
0.49 miles
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Southeast Grand & Stark
0.57 miles
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Southeast Martin Luther King & Stark
0.58 miles
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Shell
0.10 miles
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Kwik-Gas
0.38 miles
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Pacific Pride
0.44 miles
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Shell
0.52 miles
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76
0.76 miles
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Arco
0.85 miles
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Blink
0.99 miles
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Electric Avenue
1.05 miles
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Chevron
1.24 miles
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Chevron
1.41 miles
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Waterman Building Parking Annex
0.59 miles
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Oregon Museum of Science and Industry
0.63 miles
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U-Park
1.01 miles
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U-Park
1.01 miles
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SP+
1.03 miles
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U-Park
1.04 miles
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City Center Parking
1.05 miles
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City Center Parking
1.07 miles
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SP+
1.09 miles
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FedEx Office
1.09 miles
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Que Pasa Cantina
0.03 miles
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Pyro Pizza
0.04 miles
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Kim Jong Grillin
0.04 miles
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Tahir Square
0.04 miles
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El Brasero
0.04 miles
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Bottle Rocket
0.05 miles
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Cartopia Food Carts
0.05 miles
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Potato Champion
0.05 miles
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Chicken and Guns
0.05 miles
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BKK Pad Thai
0.06 miles
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Market of Choice
0.23 miles
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Sheridan Fruit Company
0.63 miles
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New Seasons Market
0.71 miles
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Safeway
0.78 miles
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People's Food Co-op
0.95 miles
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Whole Foods Market
1.07 miles
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Ross
1.09 miles
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H Mart
1.15 miles
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Muji Portland
1.26 miles
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TJ Maxx
1.30 miles
Frequently Asked Questions
What is the lease rate for 1340 SE 12th Avenue?
Rental asking rate at 1340 SE 12th Avenue is $1,000,000.00/YR.
What is the total square footage of 1340 SE 12th Avenue?
1340 SE 12th Avenue totals 2,200 square feet.
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