Active

8523 SE STARK ST

Portland OR, 97216

$1,500,000


$549.65 per sqft

Active

2,729 sqft

Commercial

Built in 1937

Courtesy of Rose Country Realty

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.

638680121

MLS ID

January 10, 2025

Listed

January 14, 2025

Updated

Map

8523 SE STARK ST
Portland OR, 97216

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

_143


Taxes

$9,998


Tax Frequency

Annually


Days on Market

4


Garage

No


Parking

Off Street


Parking Total

20


View

No


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

CM-2

Listing Courtesy of Rose Country Realty, Annie Wrucke. 971-570-2216

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