7218 N JORDAN AVE Portland, OR 97203
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Price:
$694,900
Ft²:
0
Acres:
0.18
MLS#:
502854669
Lot Size:
7,000 to 9,999 SqFt
Type:
Land
Zone:
R2.5
County:
Multnomah
Status:
Active
Nhood/Bldg:
UNIVERSITY PARK
View:
Trees/Woods
Elem:
Astor
Middle:
Astor
High:
Roosevelt
Area:
Portland North
Courtesy of:
Keller Williams Realty Portland Premiere
Remarks:
Rare University Park development opportunity offering two separate parcels totaling approximately .18 acres within desirable R2.5 zoning. Demolition of the existing improvements is underway, creating a prime infill development site in one of North Portland's most sought-after neighborhoods. Positioned to capitalize on the flexibility afforded by Portland's Residential Infill Project (RIP), the property presents an exceptional opportunity for builders and developers seeking cottage-style housing, missing-middle development, or other permitted residential uses. Preliminary concepts suggest the potential for 6-8 cottage homes, with additional development scenarios potentially available subject to buyer verification. Development-ready opportunities of this scale and location are increasingly difficult to find in established Portland neighborhoods. Located just moments from the University of Portland, the site enjoys convenient access to parks, dining, coffee shops, neighborhood retail, transit, and major commuter routes, as well as the vibrant amenities of St. Johns, Kenton, Lombard, and the broader North Portland corridor. Buyer to perform all due diligence regarding the development and redevelopment potential of the property. Inquire for additional information regarding proposed development concepts and plans.
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