John Knudtson

$449,000

Portland, Oregon, 97211

A fantastic location for development. Located in North Williams, RM2 zoning with bonus overlay, a dynamic and rapidly developing district with an eclectic culinary and drink scene, iconic bike infrastructure and local shops, cafes, wine bars and restaurants, yoga, spinning studios and galleries all making for a vibrant, highly walkable corridor. North Williams is also home to a New Seasons, Barre 3, banks, salons, barbers and aestheticians. Close proximity to Downtown, Mississippi, Alberta, Legacy Emanuel and Randall Children's Hospitals, and the Rose Garden Transit Hub.The RM2 zone is a medium scale multi-dwelling zone. This allows for a great opportunity to build a diverse range of multi-dwelling structures, fourplexes and row houses up to 45’ tall (generally 4 stories), 1.5: FAR (increasing 3:1 with bonus provisions), and no parking requirement. Portland is temporarily waiving System Development Fee’s for many projects making this a prime time to build. Buyer to do own due diligence on any development. SEE DOCUMENTS FOR LIST OF POSSIBLE PROGRAM ELIGIBILITY