BELMONT STREET LOTS 3 INDIVIDUAL MIXED-USE LOTS IN INNER SE PORTLAND 2324-2336 SE BELMONT ST, PORTLAND OR 97214 SE MORRISON ST SE 20TH AVE CONQUISTADOR LOUNGE LONE FIR CEMETERY 2121 BELMONT APTS. BELMONT COLLECTIVE SE BELMONT ST PAD THAI KITCHEN DOWNTOWN PORTLAND THE LOFT ON BELMONT ~TWO MILES Site SE BELMONT ST See THREE 4,000 SF CONTIGUOUS DEV. LOTS FOR SALE Inside! WITH EXISTING BUILDINGS - MIXED COMM/RESIDENTIAL PLEASE GEORGE N. DIAMOND NICHOLAS G. DIAMOND Licensed in CONTACT 503.222.2178 (office) 503.222.2655 (office) Oregon 503.781.4764 (cell) 503.887.8344 (cell) 2839 SW 2nd Avenue, Portland OR, 97201 FOR DETAILS: 01.16.2018 503.222.1655 - www.REIG.com [email protected] [email protected] BELMONT STREET LOTS Table of Contents 1 COVER 14-15 ZONING DETAIL Broker Contact: 2 CONTENTS 16 REGIONAL AERIAL (CLOSE) GEORGE N. DIAMOND 3 INVESTMENT SUMMARY 17 REGIONAL MAP 503.222.2178 (O) 503.781.4764 (C) [email protected] SITE AERIAL VIEW DEMOGRAPHICS & BUSINESS 4 18 NICHOLAS G. DIAMOND 5-11 EXTERIOR PHOTOGRAPHY 19 BUSINESS HIGHLIGHTS 503.222.2655 (O) 503.887.8344 (C) [email protected] 12-13 LOT & ZONING MAPS 20-21 OREGON DISCLOSURE Offer Solicitation Process: Offers should be presented in the form of a nonbinding letter of intent, spelling out the significant terms and conditions, including, but not limited to: (1) Asset pricing, (2) Due diligence and closing time frame, (3) Earnest money deposit, (4) A description of the debt/equity structure, and (5) Qualifications to close. The purchase shall require all cash to be paid at closing. Purchase and sales agreement shall be Oregon CAB form. Offers and development plan should be delivered to the attention of Real Estate Investment Group. TABLE OF CONTENTS / CONTACT PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS THREE CONTIGUOUS TAX LOTS FOR MIXED USE DEVELOPMENT REAL ESTATE INVESTMENT GROUP is pleased to exclusively offer for sale three parcels of land totaling 12,000 SF on SE Belmont Street – one of Portland’s most known streets. The property consists of three adjacent 4,000sf tax lots and includes two build- ings consisting of 3,200 SF leased warehouse/maker space (with approx. 1,000 SF mezzanine) and 1,518 SF single-family house. The property is in the heart of the Buckman neighborhood of SE Portland – one of Portland’s hottest neighborhoods. The Belmont parcels represents an unparalleled opportunity for investment in SE Portland’s close-in market. With the CM zoning and three individual tax lots this is a great opportunity for three small developments or one larger development. The buildings could also be renovated allowing for a mix of new development on the vacant land and income producing property on the buildings. The property’s ideal location in the established Belmont District of Southeast Portland provides its residents great restaurants, shopping and services within walking distance. Blocks away from the brand-new Goat Blocks as well as the bustling shops on the historic Belmont strip, this is a unique opportunity for developers and investors. Property Features SALE PRICE: $2,000,000 TOTAL AREA: 12,000 SF LOTS SOLD TOGETHER OR INDIVIDUALLY 3 4,000 SF TAX LOTS ADDRESS: 2324-2336 SE BELMONT ST. ZONING: CM - MIXED COMMERCIAL / RESIDENTIAL PARCEL 1: 4,000 SF WITH OCCUPIED 3,200 SF WAREHOUSE HIGHLIGHTED ALLOWED USES: MULTIFAMILY, RETAIL & OFFICE* / WORKSHOP+ ~1,000 SF MEZZANINE PARCEL ID: 7900, 7800, 7700 PARCEL 2: 4,000 SF VACANT/UNIMPROVED *Primary-Use Retail and Office Developments Must Include PARCEL 3: 4,000 SF WITH 1,518 SF SINGLE Residential Development at a 1’ - 1” Square Foot Ratio - See Zoning Page FAMILY HOUSE PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS The parcels location along the Buckman Neighborhood’s iconic pedestrian-friendly Belmont Street offers a sought-after location in a thriving district of inner-SE Portland. Walking distance to multiple restaurants, retailers, services and transit as well as proximity to the Morrison Bridge for accessing the west side make this location ideal. LONE FIR CEMETERY WILD ABANDON PAD THAI RESTAURANT 2121 BELMONT KITCHEN APARTMENTS SE BELMONT ST CONQUISTADOR LOUNGE SE MORRISON ST Site BATTERY X-CHANGE SE BELMONT ST THE LOFT ON BELMONT KAISER HEALTH PLAN NEMO DESIGN INSURANCE URBANAIRE LA CALACA COMELONA APARTMENTS RESTAURANT LENSBABY CAMERA ACCES. SE 20TH AVE SE BELMONT ST TAYLOR PLACE APARTMENTS COL. SUMMERS PARK SE YAMHILL ST SITE AERIAL VIEW PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS STREETFRONT PERSPECTIVE - SINGLE FAMILY HOME, VACANT LOT, WAREHOUSE / WORKSHOP BUILDING SITE PHOTOGRAPHY PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS LEFT: 2336 | MIDDLE: 2324 (VACANT) | RIGHT: 2324 2336: SINGLE FAMILY HOUSE SITE PHOTOGRAPHY PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS 2324 SE BELMONT (WEST LOT): WAREHOUSE / WORKSHOP (3,200 SF + ~1,000 SF MEZZANINE) SITE PHOTOGRAPHY PAGE 7 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS 2324 SE BELMONT: WAREHOUSE / WORKSHOP (3,200 SF + ~1,000 SF MEZZANINE) SITE PHOTOGRAPHY PAGE 8 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS 2324 SE BELMONT (VACANT LOT) LOOKING TOWARDS 2336 SE BELMONT HOUSE LOT SITE PHOTOGRAPHY PAGE 9 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS 2336 SE BELMONT: SINGLE FAMILY 1,518 SF SITE PHOTOGRAPHY PAGE 10 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS 2336 SE BELMONT: SINGLE FAMILY 1,518 SF SITE PHOTOGRAPHY PAGE 11 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. BELMONT STREET LOTS LOT MAP & ADJACENT PAGE 12 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. OSOS Data Resource Center/Metro SE MORRISON ST CSCS R1R1 OSOS SE BELMONT ST Data Resource Center/Metro CMCM SE MORRISON ST SE 23RD AVE 2324-2336 SE Belmont St CSCS BELMONT STREET LOTSR1R1 SE YAMHILL ST SE BELMONT ST R2.5R2.5 CMCM SE 22ND AVE SE 23RD AVE R5R5 2324-2336 SE Belmont St F SE TAYLOR ST SE YAMHILL ST 2324-2336 SE Belmont St Mixed Commercial/Residential Zone: The Mixed Commercial/Residential (CM) zone Property of Interest Feet promotes development that combines commercial and housing uses on a single site. This Zoning zone allows increased development on busier streets without fostering a strip commercial 0 65 130 Portland, CM appearance. This development type will support transit use, provide aR2.5R2.5 buffer between busy Portland, CS streets and residential neighborhoods, and provide new housing opportunities in the City. Map prepared 9/12/2017 Portland, OS The emphasis of the nonresidential uses is primarily on locally oriented retail, service, and Portland, R1 by: Fidelity National Title office uses. Other uses are allowed to provide a variety of uses that may locate in existing Portland, R2.5 503.227.5478 ~ [email protected] buildings. Development is intended to consist primarily of businesses on the ground floor SE 22ND AVE Portland, R5 Data Source: Metro RLIS, ESRI with housing on upper stories. Development is intended to be pedestrian-oriented with buildings close to and oriented to the sidewalk, especially locations at street corners. This information is reliable, but it is not guaranteed. This map is not a survey. R5R5 SE TAYLOR ST ZONING MAP PAGE 13 F The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. 2324-2336 SE Belmont St Property of Interest Feet Zoning 0 65 130 Portland, CM Portland, CS Map prepared 9/12/2017 Portland, OS Portland, R1 by: Fidelity National Title Portland, R2.5 503.227.5478 ~ [email protected] Portland, R5 Data Source: Metro RLIS, ESRI This information is reliable, but it is not guaranteed. This map is not a survey. Title 33, Planning and Zoning Chapter 33.130 2/1/17 Commercial Zones D. Prohibited uses. Uses listed in Table 130‐1 with an "N" are prohibited. Existing uses in categories listed as prohibited may be subject to the regulations of Chapter 33.258, Nonconforming Uses and Development. 33.130.110 Accessory Uses Uses that are accessory to a primary use are allowedBELMONT if they comply with specific regulations for STREETthe LOTS accessory uses and all development standards. 33.130.130 Nuisance‐Related Impacts A. Off‐site impacts. All nonresidential uses including their accessory uses must comply with the standards of Chapter 33.262, Off‐Site Impacts. B. Other nuisances. Other nuisances are regulated by Title 29, Property and Maintenance Chapter 33.130 Title 33, Planning and Zoning Regulations. Commercial Zones 2/1/17 Table 130‐1 Table 130‐1 Commercial Zone Primary Uses Commercial Zone Primary Uses Use Categories CN1 CN2