$345000
-
Bed
-
Bath
-
SqFt
-
2 DOM
-
Built:
-
Status: Active
Love this home?
CM3 Development Opportunity | 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portland’s Foster Corridor and Lents Town Center district. This 10,722 sq ft property is zoned CM3 – Commercial Mixed Use offers potential for multifamily or mixed-use development along one of Southeast Portland’s designated urban corridors. The lot size could potentially support a 20–28 unit apartment or mixed-use project with potential for ground-floor retail, live/work space, or neighborhood commercial uses with residential units above (buyer to verify development capacity and permitted uses). CM3 zoning allows a wide range of uses including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects, creating flexibility for builders and investors seeking long-term redevelopment potential.Located minutes from Lents Town Center, the MAX Green Line station, and I-205, the property benefits from easy connectivity due to proximity transit lines and I-205. The Foster corridor has seen streets improvements, pedestrian upgrades, and new mixed-use housing projects that continue to bring activity and redevelopment to the neighborhood. Future residents would be close to Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, and local dining, while remaining connected to downtown Portland. Development opportunities with CM3 zoning and over 10,000 sq ft of land are increasingly rare along the Foster corridor, making this a an opportunity for developers and investors looking to participate in Portland’s next phase of corridor housing and mixed-use growth.Buyer to perform due diligence regarding zoning and development.
Listing Provided Courtesy of Lisa Mehlhoff, Real Broker
General Information
-
641160883
-
MixedUse
-
2 DOM
-
-
0.25 acres
-
-
-
-
CM3
-
Multnomah
-
R335773
-
Lent
-
Alice Ott
-
Franklin
-
Land
-
MixedUse
-
SECTION 16 1S 2E, TL 600 0.25 ACRES
Listing Provided Courtesy of Lisa Mehlhoff, Real Broker
PDXA1 Realty Group data last checked: Mar 18, 2026 02:01 | Listing last modified Mar 16, 2026 13:44,
Source:
Residence Information
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
No
-
-
-
-
-
-
-
-
-
Features and Utilities
Financial
-
2774.58
-
0
-
-
-
-
Cash
-
03-16-2026
-
-
No
-
No
Comparable Information
-
-
2
-
2
-
-
Cash
-
$345,000
-
$345,000
-
-
Mar 16, 2026 13:44
Schools
Map
Listing courtesy of Real Broker.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Mar 18, 2026 02:01 | Listing last modified Mar 16, 2026 13:44.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
© PDXA1 Realty Group | Powered by Taigha