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530 SW 2nd Ave
Portland, OR 97204 Waterfront

Price Upon Request

Land For Sale  •  0.61 AC

Property Details

  • Property Type Land
  • Lot Size 0.61 AC
  • Zoning CXd
100 Transit Score
100 Walk Score

Description

The Morrison Bridghead Block enjoys a rare undeveloped CBD location and offers the possibility to build on a full city block. Neighborhood uses consist of high-rise, mid-rise and historic retail, offices and entertainment venues. Exposure is excellent due to the site’s frontage along several downtown connector streets and MAX light rail line. The subject parcels are heavily influenced by the Morrison Bridge and its on / off ramps which are elevated above the grade of the site. In a multi-story development, views of Mt. Hood to the east are possible on the upper f loors with no other structures to block the view. 

Highest-and-best-use scenarious include multifamily, mixed-use, retail and office development, per CX Central Commercial Zoning. Additionally, due to its current use as surface parking, the lot may be used to generate short-term income.

Highlights

Opportunity Zone Multi-Block Development Site in the Portland CBD
Prominent High-Visibility Location at the western Morrison Bridgehead in Downtown
Prime Opportunity for High-Density OZ Development Including Multifamily, Mixed-Use, Retail, Office
CX Central Commercial Zoning within the Central City Plan District
Site Currently Operates as Surface Parking - Income Opportunity

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 4 min 16 min 0.8 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 17 min - 8.3 mi
Transit/SubwayDriveWalkDistance
Morrison/Sw 3Rd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 2 min 0.1 mi
Yamhill District (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 3 min 0.2 mi
Oak/Sw 1St Avenue (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 3 min 0.2 mi
Mall/Sw 5Th (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 4 min 0.2 mi
Pioneer Place/Sw 5Th (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), Portland Vintage Trolley - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
Portland International 21 min - 12.4 mi
Nicholas Diamond 503-222-2655 Capacity Commercial Group LLC
Nicholas Diamond 503-222-2655 Capacity Commercial Group LLC