PRIME WOODSTOCK DEVELOPMENT SITE 5002 SE Woodstock Boulevard, Portland, Oregon 97206 0.20 Acres Investment Real Estate • www. hfore.com • (503) 241.5541 8,500 SQUARE FEET • PORTLAND, OREGON PRICE SUMMARY The land site at SE 50th and Woodstock is a prime opportunity to acquire a highly desirable Price: $1,020,000 development site in a growing neighborhood of Southeast Portland. Price Per Sq. Ft.: $120 Located in the burgeoning Woodstock neighborhood, the property is just blocks away from many trendy neighborhood restaurants and boutique shops, as well as the popular PHYSICAL INFORMATION local grocer New Seasons Market. The 8,500-square-foot lot is zoned RM2 and allows construction up to 35 feet in height. The sellers have explored numerous design concepts Total Acreage: 0.20 for townhome and multifamily apartment construction. Design drawings available upon Sq. Ft.: 8,500 request. Height Limit: 35' Portland continues to be one of the strongest multifamily investment markets in the FAR 1:1 (1:1.5 w/ Bonus Provisions) nation. With one of the highest inbound migration rates nationally, its relatively low cost City: Portland of living, walkable neighborhoods, and easy access to the great outdoors – and a looming housing shortage – the area’s apartment market is poised for long-term growth. County: Multnomah TAX INFORMATION Parcels: R208752 FOR MORE INFORMATION Main Contacts: Lee Fehrenbacher •
[email protected] Rob Marton •
[email protected] Other Contacts: Greg Frick •
[email protected] Tyler Johnson •
[email protected] Jack Stephens •
[email protected] Adam Smith •
[email protected] Todd Tully •
[email protected] Steve Wendt •
[email protected] Peyton King •
[email protected] 2424 SE 11th Avenue, Portland, Oregon 97214 www.hfore.com • (503) 241.5541 • Fax: (503) 241.5548 2 HFO INVESTMENT REAL ESTATE Downtown Portland 3 4 HFO INVESTMENT REAL ESTATE PRIME WOODSTOCK DEVELOPMENT SITE • PORTLAND, OR 5 WOODSTOCK NEIGHBORHOOD Woodstock is a high-amenity area in close-in generation, and a plurality of adults live with Students in the area attend Lewis Elementary Southeast Portland.