Exceptional CM2 mixed-use redevelopment opportunity in Portland’s Montavilla neighborhood. This offering includes two tax lots totaling approximately 0.29 acres positioned on a prominent corner site with dual access points along SE Stark Street and SE 86th Avenue.
The property is being marketed primarily for land value and redevelopment potential. Existing improvements include a 1937-built residence (currently configured as office space), attached garage addition (1952), detached garage structure, and a modular building added in 1997. Interior access is available by appointment only. Improvements may be considered non-contributory depending on buyer’s intended use.
CM2 zoning allows for a wide range of commercial and mixed-use development options including retail, office, live-work, residential units above ground-floor commercial, and other urban corridor uses. Buyer to perform all due diligence with the City of Portland regarding permitted uses, density allowances, demolition feasibility, and development standards.
The site benefits from strong corner visibility and steady vehicle traffic exposure along SE Stark Street. Utilities including water, sewer, electricity, and natural gas are available at the street. Gas meter has been removed. The lot is level and paved access is in place. Temporary fencing currently installed.
A billboard lease is in place (details available upon request), providing potential interim income while development plans are pursued. Seller may consider partial seller carry financing, subject to mutually agreed terms, creating flexibility for developers seeking structured acquisition options.
Strategic location offers convenient access to major transportation corridors, including I-205, I-84, and multiple transit routes. Walk Score and Bike Score reflect strong urban connectivity. The Montavilla district continues to see reinvestment, small business growth, and corridor revitalization, supporting long-term redevelopment value.
Tax accounts include R284602, R284603, and R284604 (includes billboard). Buyers are encouraged to verify lot dimensions, development capacity, environmental conditions, and zoning overlays.
This is a strong opportunity for a developer, investor, or owner-user seeking a flexible mixed-use site in an established East Portland corridor with visibility, access, and future upside.
Seller prefers cash, but contract terms available. Allow 3 business days for response to offers.
Annie Wrucke
Rose Country Realty
