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Listed by Rose Country Realty

$820,000

Est. payment - /mo

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0.29 Acres Lot

Active

8523 SE STARK ST Portland, OR 97216

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Montevilla

MLS Listing ID 257351644

HOA Y/N No

Annual Tax Amount $10,370

Tax Year 2025

Lot Size 0.290 Acres

Property Sub-Type Single Family Residence

Property Description

Prominent CM2 mixed use opportunity in Montavilla with approximately 0.29 acre, two tax lots, corner visibility, and access from two streets. The site offers flexibility for a future commercial, residential, or mixed use concept, subject to City approval and buyer verification.Currently vacant, the property includes a 1937 residence, attached garage addition, unfinished basement, and modular building. The existing improvements may offer interim possibilities or may be considered noncontributory to a larger redevelopment plan. This is an opportunity for a buyer who can see beyond the current improvements and recognize the long term value of the location, zoning, visibility, and site configuration.A billboard lease provides current income, with lease terms and ledger available upon request. Seller may consider partial seller carry financing, offering additional flexibility for acquisition and future planning.Utilities are available, with water, sewer, and electricity connected. Gas is available at the street, although the meter has been removed. Convenient access to major arterials, freeway routes, transit, services, and established East Portland neighborhoods.Explore the possibilities for this visible Montavilla corner and bring your plans for its next use. Buyer to verify zoning, permitted uses, development capacity, utilities, demolition, environmental considerations, and intended use. Interior access by appointment only.

Location

State OR

County Multnomah

Area _143

Zoning CM2

Exterior

Utilities Available ElectricityConnected, NaturalGasAvailable, SeeRemarks, SewerConnected, WaterConnected

Garage No

Building

Lot Description Corner Lot

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing CallListingAgent, Cash, Contract, OwnerWillCarry, Rehab

Listing Terms CallListingAgent, Cash, Contract, OwnerWillCarry, Rehab

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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