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Sellwood Residential Block Prime Redevelopment Opportunity in SE Portland

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Sellwood Residential Block Prime Redevelopment Opportunity in SE Portland Sellwood Residential Block Prime Redevelopment Opportunity in SE Portland SE MILWAUKIE AVE SE 17th AVE POTENTIAL DENSITY OF OVER 130 UNITS APARTMENTS - MICRO UNITS - TOWNHOMES - DUPLEX - DETACHED LOTS - ADU Great HEART OF SELLWOOD-MORELAND RESIDENTIAL DEVELOPMENT OPPORTUNITY - 0.77 AC FOR SALE Location! George N. Diamond Nicholas G. Diamond 503.222.2178 503.222.2655 Broker(s) Have Ownership Interest in this Property Licensed [email protected] [email protected] in OR & WA 05.23.2020 © 2020 Capacity Commercial Group LLC | 805 SW Broadway #700, Portland OR 97205 | 503.326.9000 | capacitycommercial.com Sellwood Residential Block Prime Redevelopment Block in SE Portland’s Sellwood Neighborhood CAPACITY COMMERCIAL GROUP LLC is pleased to exclusively offer for sale .77 acres for redevelopment, in the heart of the Sellwood neighborhood of SE Portland – one of Portland’s hottest neighborhoods. The Sellwood Residential Block represents an unparalleled opportunity for development in SE Portland’s close-in market. Proposed zoning is RM2 for medium-density residential for development in one of Portland’s fastest growing neighborhoods. The property’s ideal location in the established Sellwood District of Southeast Portland provides its residents great restaurants, shopping and services within walking distance. Additionally, the site has convenient access to major roads and highways, historic Sellwood, and many local attractions. The site’s unique location near Sellwood’s iconic pedestrian-friendly SE 13th Avenue offers a coveted location in a cultural epicenter of inner-SE Portland. Walking dis- tance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side make the location ideal. APARTMENTS POSSIBILITY TO BUILD TOWNHOMES OVER 130 MICRO UNITS DUPLEX DETACHED LOTS See Development Options for Details Offering Information SALE PRICE: $4,046,400 ($120/SF) LAND AREA: 0.77 AC (33,720 SF) CALL GEORGE DIAMOND ( 503.222.2178) - NICHOLAS DIAMOND (503.222.2655) - MICHAEL DIAMOND (503.222.1988) ADDRESS: 1666 SE LAMBERT STREET, PORTLAND OR BUILDABLE AREA: 75,870 SF GROSS / 45,522 USABLE PARCEL APN: R143143, R143144 based on 60% MAXIMUM LOT COVERAGE ZONING: RM2 (RESIDENTIAL MULTI-DWELLING) PROPOSED PERMITTED DENSITY: DETERMINED BY SIZE OF UNITS MICRO UNITS: OVER 130 UNITS DEPENDING ON AVERAGE SF OF UNIT IMPROVEMENT: 16,520 SF MASONRY BUILDING LARGER UNITS: LESS UNITS DEPENDING ON AVERAGE UNIT SIZE FAR / HEIGHT: 2.25 FAR with bonuses - 45’ max height APARTMENTS - MICRO UNITS - TOWNHOMES - DUPLEX - DETACHED LOTS - ADU PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block The lot’s unique location nestled between Sellwood’s iconic SE Milwaukie and SE 17th Avenues offers a mix of secluded residential feel and high walkability. Walking distance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side by car, bicycle and transit make the location ideal for residential use. TO SELLWOOD BRIDGE OAKS BOTTOM WILDLIFE REFUGE - 1630 se rural st future MULTIFAMILY - 232 unitS OPA! PIZZERIA, GINO’S ITALIAN, TE CHAI TE, JADE TEAHOUSE, SELLWOOD CYCLE REPAIR, SELLWOOD ANTIQUE MALL, A CENA RISTO RANTE, SOCK DREAMS, BISHOPS BARBER SHOP, RE/MAX MORELAND, SELLWOOD LIBRARY, CREATIVE MINDS LEARNING CENTER 7510 se milwaukie lambert lofts future MULTIFAMILY - 30 unitS wallace books MULTIFAMILY - 19 unitS rose city bookstore coffee co. SE 13th AVE ST. AGATHA CATHOLIC SCHOOL 1666 SE Lambert ST. AGATHA 1637 SE NEHALEM galaxie at sellwood CATHOLIC CHURCH FUTURE MULTIFAMILY - 61 unitS MULTIFAMILY - 76 unitS 1602 SE TACOMA ST FUTURE MULTIFAMILY - 12 unitS SE TACOMA ST spokane 13 apartments SE 17th AVE MULTIFAMILY - 30 unitS 1650 SE TACOMA ST SE MILWAUKIE AVE FUTURE MULTIFAMILY - 44 unitS MORELAND ROSE MORELAND MULTIFAMILY - 13 unitS SELLWOOD MIDDLE SCHOOL ALE HOUSE JAKE’S PLACE CHURCH OF JESUS CHR. BAR OF LATTER-DAY SAINTS SPRINGWATER FLATS MULTIFAMILY - 76 units CLASSICAL BALLET DANCE ACADEMY 7924 SE MILWAUKIE MASTER MECHANICS SELLWOOD INN FUTURE MULTIFAMILY - 4 unitS PUB DANCE WITH JOY DANCE STUDIO ARUGULARIUM CREPERIE ZUMBA @ PORTLAND 1725 SE TENINO ST DANCE STUDIO FUTURE MULTIFAMILY - 91 unitS 8188 SE 19TH AVE FUTURE SIX-PLEX RETAIL / RESTAURANT NEIGHBORHOOD RETAIL CORRIDOR MULTIFAMILY DEVELOPMENT SITE AERIAL VIEW COMMUNITY / EDUCATIONAL / ETC PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block SE LAMBERT & SE 17th SE LAMBERT ST FRONTAGE ALONG SE MILWAUKIE AVE EXTERIOR PHOTOGRAPHY PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block X - Exit M - Men’s Restroom W - Women’s restroom CHAPEL R - Restroom C - Custodial Closet SECOND FLOOR S - Storage 300 - Prayer Room CHURCH MAIN FLOOR DUMAS HALL MAIN FLOOR CHURCH BASEMENT DUMAS HALL MAIN FLOOR 100 - Archives 107 - Classroom 115 - Kitchenette 118 - “Far Side of 50” 101 - Classroom 108 - Classroom 116 - Temporary Library Class 102 - Classroom 109 - Resource Room 117 - Future Woman’s 119 - Future Library 103 - Classroom 110 - Classroom Ministry Office 120 - Future Children’s 104 - Classroom 111 - Flower Room Church Room 105 - Classroom 112 - Temporary Storage BUILDING & SITE PLANS PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. geoAdvantage: Multnomah County of Oregon State (App3)Sellwood ResidentialPage 1 of 1 Block SE MILWAUKIE AVE SE 17th AVE geoAdvantage: Multnomah County of Oregon State (App3) SE LAMBERT ST Page 1 of 1 R1 - Residential 1,000 Zoning Allows for a Multitude of Approved Residential Uses at the Site This map/plat is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. This map/plat is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, theTAX LOTS company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. http://geo.sentrydynamics.net/OR_Multnomah/default.aspx 10/25/2016 http://geo.sentrydynamics.net/OR_Multnomah/default.aspx 10/25/2016 Prreparred By:: Sellwood Residential Block 10//25//2016 Ü 0 740 feet Community Taxlot Subject NEIGHBORHOOD LOT MAP PAGE 7 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. This information is deemed reliable but is not guaranteed. Summary of the Multi-Dwelling Zones The new framework for the multi-dwelling zones include four zones that are based on existing zones - but are more responsive to different types of places. The summary standards and graphics reflect draft development standards proposedSellwood in the Proposed Draft. ResidentialThe Bonus FAR is provided for projects Block with affordable housing or FAR transfers from sites where historic buildings, existing affordable housing or trees are being preserved. Base FAR Bonus FAR New Zone: RM1 Summary of the Multi-Dwelling35’ Zones 35’ Former Zones: R2 andSummary R3 of the Multi-Dwelling Zones This is a low-scaleThe new framework zone that forprovides the multi-dwelling a transition tozones lower include four zones that are based on existing zones - but are more responsive to different types of places. The summary standards and graphics reflect draft development Thedensity new residential framework areas, for theoften multi-dwelling located at edges zones of centers include four zones that are based on existing zones - but are or along standardsneighborhood proposed corridors in the or Proposed other areas Draft. to Theprovide Bonus FAR is provided for projects with affordable housing or more responsiveFAR transfers to fromdifferent sites where types historic of places. buildings, The existingsummary affordable standards housing and graphicsor trees are reflect being preserved. draft development standardscontinuity proposedwith the scale in theof established Proposed residentialDraft. The areas.Bonus FAR is provided for projects with affordable housing or Summary of the Multi-Dwelling Zones FAR transfers from sites where historic buildings, existing affordableBase FAR housing or treesBonus are being FAR preserved. The new framework for the multi-dwelling zones include four zones that are based on existing zones - but are Maximum Height: 35 feet 1 to 1 more responsive to different1.5 types of toplaces. The1 summary standards and graphics reflect draft development New Zone: RM1 35’ 35’ standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or MaximumFormer Building Zones: Coverage: R2 and R3 50% Base FAR FAR transfers
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