Rare Owner-User or 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 CM2-zoned property in Portland’s Centennial neighborhood presents a unique opportunity for both owner-users and developers. The existing improvements and large, secured yard provide flexibility for a variety of commercial users, while the site also offers significant longer-term redevelopment potential. For developers, plans have been prepared for a 4-story, 165-unit mixed-use apartment project with ground-floor retail, with engineering and entitlement work approximately 70% complete. This provides a future owner with the option to utilize the property in its current configuration or pursue the previously planned redevelopment.