GREAT REDEVELOPMENT OPPORTUNITY
or lease the current buildings at market rate in SE Portland. The property consists of one lot with two separate buildings and addresses. The bar is currently leased and the owner will lease back if the Buyer wants them too. Or the owner of the bar can sell the business in addition to the property. The auto shop is currently vacant, and can remain vacant if Buyer wants to occupy, or it can be leased at the time of sale. Another option is a 50% share purchase in the property,
Price: $1,700,000
50% Share Purchase: $850,000
Zoning: CM 2
- Corner parcel at Stark and 148th with Signal
- 100% usable flat, rectangular parcel on a busy corner
- 152 feet on Stark
- Opportunity Zone
- CM2 Zone
Lot Size: 29,702 SF (0.68 acres)
520 SE 148th Bar/Restaurant Building: 1,540 SF; Currently Leased
14800 SE Stark Street Auto building: 2,680 SF; vacant