$1,950,000

A rare real estate development and/or a landmark Portland business opportunity in close-in SE Portland along the major arterial road of Highway 99/McLoughlin Blvd. Three tax lots for a total of 0.89 acre/38,757 sf with a landmark business and building of Portland. 271-foot frontage. Two parking lots accommodate 40 parking spaces. Restaurant capacity is 152 people. Great exposure and visibility from high-traffic-count highway. The well-recognized large business signage is grandfathered in as long as it is not removed. Large, two-story building. Johnson Creek on the West side of the property. Excellent location near MAX and public transportation. Direct access to and from the Sellwood area. Portland Commercial Employment (CE) zoning for retail sales and services, office space, quick vehicle servicing, vehicle repair, self-service storage, household living, institutional uses, and limited manufacturing and other low-impact industrial uses. 45-foot (~4 stories) maximum height. Parking not required. 2.5:1 FAR, can be increased to 4:1 with bonus provisions.