48
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Listed by Rose Country Realty
$1,500,000
Est. payment /mo
2,729 SqFt
Active
8523 SE STARK ST Portland, OR 97216
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UPDATED:
01/13/2025 11:29 AM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,729 sqft
Price per Sqft $549
MLS Listing ID 638680121
Year Built 1937
Annual Tax Amount $9,997
Tax Year 2024
Lot Size 0.290 Acres
Property Description
Exceptional opportunity for two parcels in one corner lot with two access points. Favorable zoning in the Montavilla neighborhood. Favorable location and zoning for residential units or a 4-story apartment building/complex. CM-2 zoning allows for mixed use such as retail/ residential. Owners will consider longer term financing, if necessary. Home with attached garage: Main home built in 1937 as a residential property with the garage (936 SF) added in 1952. The home was Office Space as a result, the home does not have a kitchen and then was a Children's Daycare Center. The garage was a carpentry shop and most recently an automotive repairs shop with an office. Modular building: Approximately 800 SF with two restrooms and in the past primarily as part of the children's daycare center. Parking area: Currently seller states 20+ parking spots. Exceptional opportunity. Two parcels with one as a corner lot. Ideal setup for an owner/user or a developer. Purchase it today or partner with the owner to unlock the full potential of this property. The seller is willing to participate in future development to capitalize on this exceptional opportunity. With its strategic location and favorable zoning, there is ample room for growth and expansion of this corner property with proximity to main roads and freeways. The seller is willing to consider partial seller carry financing for up to five years.
Location
State OR
County Multnomah
Area _143
Zoning CM-2
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Contract, Conventional, Rehab
Listing Terms Cash, Contract, Conventional, Rehab
