Commercial Land in Portland, Oregon, presents a lucrative investment opportunity for those looking to tap into the city's growing economy. With a population of over 650,000, Portland is an attractive location for businesses, offering a unique blend of urban and natural amenities. Commercial Land in Portland can represent a variety of investments, from retail and office spaces to industrial and mixed-use developments. The city's strong economy, fueled by industries such as technology, athletic/outdoor gear, and manufacturing, creates a high demand for commercial properties. Portland's infrastructure, including its MAX light rail system, Portland Streetcar, and major highways, makes it an ideal location for businesses that require easy access to transportation. Additionally, the city's amenities, such as Forest Park, Mount Tabor Park, and the Lan Su Chinese Garden, make it an attractive location for employees and customers alike. With an average annual rent of per square foot, Commercial Land in Portland offers a promising investment opportunity.
Portland's Commercial Land market offers a range of opportunities, with 60 listings available. In addition to Commercial Land, Portland also offers other property types, such as residential land, office spaces, and industrial properties. The city's residential land market is characterized by a mix of single-family homes, apartments, and condominiums, with an average size of square feet. Office spaces in Portland are in high demand, with an average annual rent of per square foot. Industrial properties, including warehouses and manufacturing facilities, are also available, with an average size of square feet. With its diverse economy and range of property types, Portland is an attractive location for investors and businesses alike.
What are common commercial uses for land in the Portland market?
In the Portland market, common commercial uses for land include industrial and manufacturing facilities, taking advantage of the city's strong presence in industries like athletic and outdoor gear, technology, and metal fabrication. Additionally, commercial land is also being utilized for office spaces, retail centers, and restaurants, catering to the growing population and diverse economy of the city, with 60 available listings of commercial land for sale.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Portland, there are several common ways to do so. For instance, you can buy land directly from a private seller, work with a commercial real estate broker, or explore online marketplaces like LoopNet, which offers a comprehensive guide on how to buy land and provides valuable insights on whether buying land is a good investment.
In Portland, you'll find 60 available listings of commercial land for sale, with an average price per square foot of $2,808 USD and an average size of 21,386 square feet. The largest available parcel is 71,388 square feet, offering ample opportunities for development projects. With an average cap rate of 6.6%, Portland's commercial land market presents attractive investment opportunities for developers and investors alike.
