Rare Development Opportunity

This parcel sits along one of East Portland's key commercial corridors, approximately 12 miles east of Downtown Portland. The area offers excellent connectivity, with nearby TriMet MAX Blue Line access, strong walkability, and convenient freeway access. Surrounding amenities include a diverse mix of retail, dining, and services along Stark St, Division St, and Powell Blvd, with Powell Butte Nature Park and Parklane City Park just minutes away. The property is also within approximately 8 miles of Portland International Airport, making it a well-positioned opportunity in one of East Portland's most accessible neighborhoods.This 36,960 SF parcel presents a rare development opportunity in Portland’s Centennial neighborhood, with plans for a 4-story, 178-unit mixed-use apartment project featuring ground-floor retail. The prior owner has advanced the project through engineering and entitlement, creating a seamless opportunity for a developer to step in and move forward.