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Gantenbein Avenue Land

Gantenbein Avenue Land

https://www.josephbernard.net/gantenbein
Address:
N Gantenbein Avenue, Portland, Oregon 97068
Price:
$199,500
Units:
1
Price per unit:
$199,500
Cap Rate:
N/A
Year Built:
2016

Highlights

  • Potential Development of 4 Townhouses/Single Family Homes
  • Paved & Fenced With Locked Access Gate
  • Located Across From Lotus Bridge Marina
  • Site Can Provide Great Boat Storage Business
  • Potential Development of 14 Additional Apartment Units
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Gantenbein Avenue Land

Summary

This site is located on North Gantenbien Avenue in the Bridgeton neighborhood of North Portland. The property features a large, paved, fenced lot with locked access gate, potential to develop another 14 apartment units/4 Townhouses/Single Family Homes, and convenient location across from the Lotus Bridge Marina. The TriMet busline runs along North Marine Drive, providing easy access to Portland's extensive transportation system.

Zoning is CM (mixed commercial/residential) the mixed commercial promotes development that combines commercial and housing uses on a single site.  This development type will support transit use, provide a buffer between busy streets and residential neighborhoods, and provide new housing opportunities in the City.  The emphasis of the non-residential uses is primary on locally oriented retail, service, and office uses.  Buyer to complete due diligence with the City of Portland.

 

Highlights

  • Potential Development of 4 Townhouses/Single Family Homes
  • Paved & Fenced With Locked Access Gate
  • Located Across From Lotus Bridge Marina
  • Site Can Provide Great Boat Storage Business
  • Potential Development of 14 Additional Apartment Units
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Gantenbein Avenue Land

Bridgeton offers a charming, small-town community feel, where many neighbors know each other by name. The area is a marine community as it is located in the south channel of the Columbia River. Bridgeton residents, while in Oregon, are located just about halfway between Portland and Vancouver, Washington making dining and shopping that much more varied in terms of options. Commuting to both cities is quick and easy during off hours.

The Max light rail train is easily accessed by local residents and the I-5 freeway is also very close and convenient. Bridgeton is located in very close proximity to the Portland International Airport just a few minutes drive east off Marine Drive. (PortlandNeighborhood.com)

The Portland rental market is ranked #4 in the country in terms of apartment rent growth, according to Axiometrics, Inc., a provider of data and analysis on the multi-family housing sector. Portland is also well known for its strong land-use planning and investment into public transportation.  Some of the larger Portland employers include Nike, Columbia Sportswear, Tektronix, Precision Castparts Corp. and Mentor Graphics Corp.

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Gantenbein Avenue Land

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Gantenbein Avenue Land

Document Title Document Type
Property Flyer Adobe PDF
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Gantenbein Avenue Land

Joseph Chaplik
jchaplik@josephbernard.net
Michael Candianides
mcandianides@josephbernard.net
Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax