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. The number 75, 71, and a spouse. 24.7% of households in Woodstock School, Sellwood Middle School, and Cleveland 10 buses all run through the neighborhood, rent their homes. 93% of adults over the age of High School. Lewis Elementary is located less connecting residents to Downtown Portland, 25 have a high school diploma or higher, while than a mile from the property. Sellwood Middle Clackamas Town Center, Parkrose Transit 77.8% have a bachelor’s degree or higher and School is located 3 miles from the property, and Center, the Hollywood Transit Center, and over 20% have at least a Master’s degree. The receives an 8/10 score on GreatSchools. Students other destinations around the city. Over 19% median household income is $85,265. at Sellwood Middle outperform their statewide of Woodstock residents commute using public peers in English and math, including Algebra 1. transportation. Woodstock is located near Reed College, a liberal Cleveland High School is also approximately 3 arts college founded in 1908 that currently miles away, and boasts a 91% 4-year graduation The Woodstock neighborhood is home to serves 1,400 students. Reed offers bachelors’ rate, significantly higher than the statewide approximately 7,404 residents, with an average degrees in 40 majors and programs, as well as average. of around 2.5 people per household. Over 37% an MA in liberal studies. of Woodstock residents fall into the Millennial 6 HFO INVESTMENT REAL ESTATE NEARBY AMENITIES Restaurants and Dining Shopping/Entertainment Lifestyle Services Woodstock Elementary School SE 52nd Ave SE Reedway St SE 46th Ave SE 48th Ave SE 50th Ave SE Ramona St SE 54th Ave SE 57th Ave SE 41st Ave 16 SE 43rd Ave SE 43rd 12 SE 44th Ave 17 18 8 19 26 1 2 4 5 9 10 13 20 21 27 28 29 32 33 35 36 SE Woodstock Blvd 39 41 42 45 46 3 6 7 11 14 15 22 23 24 25 30 31 34 37 38 40 43 44 47 48 49 SE Martin St SE Carlton St 50 1. Johnson Creek Watershed Council 14. Nudi Noodle Place 27. Delta Cafe 40. Sherwin-Williams Paint Store 2. All Saints Episcopal Church 15. Double Mountain Taproom 28. Woodstock Wellness Center 41. Our Lady of Sorrows Catholic Church 3. Woodstock Wine & Deli 16. Healthy Pets Northwest 29. Lutz Tavern 42. Asian House & Service Center 4. First Cup Coffee House 17. Safeway 30. KeyBank 43. Ate-Oh-Ate Grill 5. Woodstock Square 18. Starbucks 31. Woodstock Farmers Market 44. Kaleafa Cannabis Company 6. Laughing Planet 19. Cloud City Ice Cream 32. Pizza Roma 45. C.O.A.T. Flagging 7. Otto's Sausage Kitchen & Meat market 20. Papaccino's 33. U.S. Bank 46. Alive MMA 8. Woodstock Community Center 21. Zoom+Care 34. Chase Bank 47. Bridge City Pizza 9. The UPS Store 22. Portland Fish Market 35. VCA Woodstock Animal Hospital 48. Bergerac 10. Advantis Credit Union 23. Grand Central Bakery - Woodstock Cafe 36. Dick's Primal Burger 49. Super Torta 11. Plaid Pantry 24. Woodstock Ace Hardware and Garden 37. Multnomah County Library 50. Woodstock Goodwill 12. Bi-Mart 25. New Seasons Market 38. Woodstock Natural Health Clinic 13. Tom Yum Thai Cuisine 26. U.S. Bank ATM 39. Proper Pint Taproom PRIME WOODSTOCK DEVELOPMENT SITE • PORTLAND, OR 7 NEARBY LIFESTYLE CONVENIENCES SE Belmont St SE 60th Ave Mall 205 SE 82nd Ave Hawthorne Blue Star Donuts Mt Tabor Park SE 50th Ave McMenamins Baghdad Portland Campus Theater & Pub 205 Stumptown Coffee Roasters SE Division St Pok Pok Petite Provence César E. Chávez Blvd E. Chávez César 213 Fubonn Shopping Center Powell Street Station SE Powell Blvd SE 26th Ave 26 Creston Park SE 52th Ave Century 16 Eastport Plaza SE 92nd Ave SE Holgate Blvd SE Foster Rd SE 28th Ave HK Cafe Lent Park SE Steele St Woodstock Park Prime Woodstock Land Mt Scott Community Center & Indoor Pool Crystal Spring Rhododendron Garden SE Woodstock Blvd Mt Scott Park 8 HFO INVESTMENT REAL ESTATE SOUTHEAST PORTLAND PORTLAND 26 DOWNTOWN SE Cesar E Chavez Blvd E Chavez SE Cesar Washington 405 Mt Tabor City Park Park OMSI SE Division St SE Powell Blvd SE 28th Ave 26 5 SE McLoughlin Blvd SE Holgate Blvd SE 52nd Ave SW Macadam Ave 213 Willamette River SE Milwaukie Ave 205 10 Reed College SE Woodstock Blvd Eastmoreland Golf Course Development Site 2 HILLSDALE Oaks Amusement SE 72nd Ave Park 1 SE Tacoma St SE Johnson Creek Blvd 43 SW Barbur Blvd 99E Prime Woodstock Land 1 Sellwood Neighborhood (separate map) 2 Westmoreland Neighborhood (separate map) 224 SE King Rd MILWAUKIE PRIME WOODSTOCK DEVELOPMENT SITE • PORTLAND, OR 9 SELLWOOD Restaurants and Dining Shopping/Entertainment Lifestyle Services 1 2 3 4 5 SE Lambert St • SE Tacoma / Johnson 1 6 Creek MAX Station 6 SE Milwaukie Ave SE Oaks ParkWay 7 SE Bidwell St blocks to the SE Sellwood Park 8 9 10 11 12 13 SE Lexington St 14 15 16 19 17 18 20 Springwater on the Willamette SE Miller St 21 24 25 50 SE 11th Ave SE 15th Ave SE 16th Ave SE 7th Ave SE 9th Ave SE Nehalem St 22 23 26 27 SE 13th Ave 29 30 28 31 51 SE Spokane St 32 33 39 52 34 35 36 37 38 53 54 55 SE Tacoma St 40 41 43 44 SE 17th Ave 56 SE 19th Ave SE Tenino St 42 45 60 46 47 SE Umatilla St 48 57 58 49 Sellwood Middle School 59 1. Oodles for Kids 13. RE/MAX Equity Group 25. The Portland Bottle Shop 37. Columbia Sportswear Outlet Store 49. Sellwood Medical Clinic 2. Creative Minds Learning Center 14. Cloud Cap Games 26. Sellwood Yoga 38. The UPS Store 50. Classical Ballet Academy 3. Reverend’s BBQ 15. Blue Kangaroo Coffee Roasters 27. Sock Dream 39. Sellwood Community Center 51. Jakes Place 4. Foot Traffic Sellwood 16. Collage Outlet 28. The Sellwood Collective Antiques 40. New Seasons Market Sellwood 52. Bertie Lou’s Cafe 5. A Cena Ristorante 17. Tilde 29. Opa Pizzaria 41. Kim’s Taekwon-Do Portland 53. Old Portland Hardware & Architectural 6. Wei Wei - A Taste Of Taiwan 18. Thai Lahnna 30. Chrisman Framing - Sellwood 42. Consignment Gallery 54. Miller Paint Company 7. Sellwood Market 19. Unique Antique 31. Sellwood Soap Company 43. KeyBank 55. 7-Eleven 8. Umpqua Bank 20. Jade Bistro, Teahouse & Patisserie 32. Gino’s 44. Bellagios Pizza 56. Mio Sushi 9. Savory Spice Shop 21. Sellwood Cycle Repair 33. Cat Hospital of Portland, Inc 45. Sellwood Public House 57. Sellwood Inn Pub 10. Bishops Barbershop 22. Tea Chai Te’ 34. Portofino 46. American At Heart 58. Piece of Cake Bakery 11. Sellwood Antique Mall 23. Grand Central Bakery 35. OnPoint Community Credit Union 47. Sellwood Flower Company 59. Sellwood Pet Supply 12. Multnomah County Library 24. Nama Ramen 36. Starbucks 48. Either/Or 60. Boys & Girls Clubs of Portland 10 HFO INVESTMENT REAL ESTATE WESTMORELAND Restaurants and Dining Shopping/Entertainment Lifestyle Services 1 1. San Felipe Taqueria 26. Zoom+Care SE Tolman St 2 2. Portland U-Brew & Pub 27. Laurelwood Brewpub 2 SE Tolman St 4 3. Allergy Associates Research Center 28. Stickers Asian Cafe Llewellyn 3 4. Dairy Queen 29. Saburo’s Sushi House Elementary School 5 6 5. Powell Veterinary Center 30. FedEx Office Print & Ship Center SE Henry St 6. Vaya Creative 31. Pizzicato Pizza 8 7. Quality Food Center 32. Starbucks 7 8. 13 Virtues Brewing Company 33. Fuchsia SE Duke St 9. Westmoreland True Value Hardware 34.