$450,000

5,100 SF CM2 zoned development site located in the Brooklyn Neighborhood of close-in SE Portland. This high density zoned site is presently a parking lot, has a clean environmental, and is primed for a developer to put their stamp on the neighborhood. 45?+ maximum height is allowed, (4 stories), increasing to 55? (5 stories) with bonus provisions in some areas. FAR in the CM2 zone ranges from 2.5:1- 4:1 (with bonus provisions). Parking is generally not required for non-residential uses when development is located near transit or contains fewer than 30 residential units. Location is key for this property as it is centrally positioned in close-in SE Portland?s Brooklyn neighborhood, near some of Portland?s most popular and well-known streets and neighborhoods. This area is a Biker?s and Walker?s Paradise and is just five blocks from a light rail stop and a seven minute drive by car into downtown Portland.