East Bayside Land Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30149407
Property Subtypes: Industrial, Office, Retail, Other
Gross Land Area: 0.17 Acres
Sale Price: $515,000
Unit Price: $3,029,411 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2017

Overview / Comments

We are pleased to offer for sale a rare development opportunity in Portland’s East Bayside. Consisting of .17± acre (7,433± SF), the property is ideally suited for development in one of the city’s most desirable areas known for vibrant breweries, artisans, craftsmen and manufacturers. East Bayside offers excellent accessibility to downtown as well as easy I-295 access via Franklin and Washington Streets and Marginal Way. Infrastructure improvements include two water lines (domestic and sprinkler), sewer, natural gas and electricity. Area businesses include: Rising Tide Brewing Company, Coffee By Design, Lone Pine Brewing, World Gym, Whole Foods, Running with Scissors, Beacon Fitness, Good Fire Brewing, Urban Farm Fermentory and many others. This is an ideal parcel for an owner-user or developer looking to locate in the heart of this exciting peninsula neighborhood.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_010 A013
Zoning: ILB (INDUSTRIAL LIGHT BUSINESS)
Property Visibility: Excellent
Largest Nearby Street: Marginal Way
Feet of Frontage: 65
Highway Access: Easy access to I-95 via Marginal Way
Airports: Portland International Jetport
Site Description: Open, level
Area Description: Rapidly developing neighborhood of boutique breweries, coffee roasters, gyms, restaurants and residences
Lot Frontage: 65
Lot Depth: 100
Zoning Description: The low impact industrial zone is intended to provide areas in which low impact industrial uses and limited other uses serving employees and residents of the surrounding neighborhood will be compatible with adjacent residential uses, will provide a buffer between residential neighborhoods and the I-M or I-H industrial zones, or will stand alone as a smaller scale industrial district. The I-L zone is located adjacent to residential neighborhoods, business uses and other industrial uses where the low intensity nature of the uses, as well as their strict performance standards, will ensure the compatibility of the uses with other adjacent industrial and nonindustrial uses. Performance standards for uses in the I-L zone are designed to maintain compatibility between low impact industrial uses and neighboring nonindustrial and industrial uses. Performance standards include full enclosure of uses and requirements for buffers and screening from adjacent properties.
Topography: Level
Easements: Ingress/Egress
Easements Description: Common driveway
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,365 74,352 114,926
Median Age: 34.06 37.85 39.33
Households: 6,891 34,907 51,395
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