$1400000
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Bed
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Bath
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2010 SqFt
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1 DOM
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Built: 1965
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515This exceptional property at 150 SE 82nd Avenue presents a rare redevelopment opportunity in one of Portland's most dynamic corridors, offering multiple value-creation pathways for visionary investors and developers. Strategically positioned on SE 82nd Avenue—a major arterial with over 40,000 vehicles daily—this site benefits from over $185 million in planned infrastructure improvements including street reconstruction, enhanced transit service, and economic development initiatives accelerating private development activity. The property's flexible zoning supports compelling scenarios including ground-floor retail with exceptional arterial exposure, multi-family residential addressing strong East Portland housing demand, or owner-user opportunities for businesses seeking visibility and equity. Robust demographics with over 180,000 residents within three miles, Portland MSA household incomes averaging $89,000+, and continued employment growth drive substantial demand for quality housing and retail services. The combination of high-traffic arterial access, catalytic infrastructure investment, strong demographic fundamentals, and flexible development options positions sophisticated investors to capitalize on Portland's eastward growth trajectory along this premier corridor connecting East Portland neighborhoods to downtown and regional employment centers.
Listing Provided Courtesy of Amit Amshalom, RE/MAX Equity Group
General Information
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635827434
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Other
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1 DOM
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0.44 acres
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2010
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1965
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CM2
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Multnomah
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R284731
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CommercialSale
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Other
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TERRACE PK, BLOCK 10, LOT 1 EXC PT IN STS, LOT 2-4 EXC PT IN ST
Listing Provided Courtesy of Amit Amshalom, RE/MAX Equity Group
Mohan Realty Group data last checked: Jan 20, 2026 08:02 | Listing last modified Jan 19, 2026 13:08,
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