Existing Structure or Redevelopment Land 2818 SE Park Ave

Investment Highlights

Rare redevelopment opportunity in prime location Potential of up to 43 units One block away from TriMet transit center and 99E Located within an Enterprise zone

Executive Summary

5,234 SF building on .44 acres is located just one block from the Milwaukie Orange TriMet Line. Zoning allows the ability to use the existing structure as-is for retail use, or redevelop into 43 apartments. Ideal location for retail use or redevelopment into a mixed use apartment building. The land is within an enterprise zone with its associated tax incentives. TriMet's Max Orange Line Park and Ride is a single block away. Numerous restaurants, grocery, and retail shops are within a short drive.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Freestanding General Retail Restaurant Office Office Residential Storefront Retail/Residential
• Building Size    5,234
• Building Class    C
• Year Built    1925
• Price    675,000
• Price Per SF    129
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.27
• Land Acres    0.44 AC