1115 1117 N Beech St, Portland, OR 97227

Incredible development potential in the N MISSISSIPPI neighborhood, especially with the NEW SDCs waiver! RM1 zoned, 9,000 SF corner lot (90'x100'), with an existing, well-maintained duplex. Rental income may cover holding costs while planning, permitting, and constructing. The building is perfectly situated to one corner of this oversized property. Alley access creates ease and multiple layouts for your development options. Existing exterior entry into the basement (w/ 7-ft ceilings) could be explored as TRIPLEX potential, maximizing your FAR. Builder's Packet available upon request. Buyer to do their due diligence. Dead-end street increases the appeal to resale buyers and/or tenants. Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. Pedestrian bridge 2 blocks away crosses to Overlook - MAX line, more parks, dining, etc. Tenant Occupied -- Agent accompanied appointments … read more …