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Listed by Realty First • 503-343-5825
$1,300,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 636292378
HOA Y/N No
Annual Tax Amount $3,230
Property Sub-Type Industrial
Property Description
Rare 0.91-acre (39,640 SF) commercial redevelopment opportunity on NE Halsey St in Wood Village, zoned NC (Neighborhood Commercial). Site includes approx. 2,160 SF of existing improvements (built 1941) with prior automotive-related use. Seller reports the property may be eligible for public redevelopment support: (1) the Wood Village Urban Renewal Agency, whose district was created for infrastructure, private investment incentives and redevelopment and may fund or cost-share demolition/abatement; and (2) Multnomah County CDBG funds - Wood Village is within the county's CDBG service area, and eligible uses can include demolition and non-residential rehabilitation that eliminate blight or urgent safety issues. Any funding is controlled by the city/county/agency and is not guaranteed. Seller also reports the property is located in a federal Opportunity Zone, which may allow deferral of capital gains and potential exclusion of appreciation on qualifying investments held 10+ years; consult your tax advisor. Buyer to verify zoning, permitted uses, building status with the City of Wood Village, environmental condition, and eligibility for any funding or tax incentive. Offered as-is. 1031 exchange.
Location
State OR
County Multnomah
Area _144
Zoning NC
Exterior
Utilities Available Other
Garage No
Schools
Elementary Schools Salish Ponds
Middle Schools Reynolds
High Schools Reynolds
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS
8308 E. Mill Plain Blvd; Suite 103, Vancouver, WA 98664, USA