4001 NE Cully Blvd

Kidder Mathews is pleased to present a ±0.54-acre development opportunity along NE Cully Blvd in Portland’s established Cully neighborhood. Zoned CM2 (Commercial Mixed Use 2), the site is ideally suited for multifamily or mixed-use development, allowing 58,917–94,268 SF of potential building area through a 2.5:1 FAR, or up to 4:1 FAR with bonus provisions. The property includes two existing structures that are considered candidates for removal, offering a strong redevelopment opportunity. The site's development potential is further enhanced by the City's temporary suspension of System Development Charges (SDCs) for qualifying multifamily projects, creating a compelling opportunity to improve project economics