* Developers, Contractors & Investors. This is an incredible opportunity to purchase a prime piece of Sellwood-Westmoreland property. Located at 7508 SE Milwaukie Ave, this solidly built house..situated on a 5,000 sq. ft lot, is only a few blocks from the center of all the action and fun. This is one of the most sought after neighborhoods in Portland. This would be a perfect location to build your next apartment, condo or other mixed-use project. Or...you could re-imagine the existing structure into something fantastic ! * The Mixed Commercial/Residential (CM) Zone promotes development that combines commercial and housing uses on a single site. The walking and biking scores are awesome plus the many transportation options provide the urban owner or renter easy access to their job?, downtown Portland or the many recreational activities available?* Recent developments at City Hall will limit some of the fast growth density projects in the area making this property even more exciting? & valuable for the experienced builder or developer. (See Below)* On Wed, May 11, 2016 at 8:33 PM - Today City Council rejected both Mayor Hales Amendment 35 which would have expanded mixed use development onto narrow residential streets adjacent to 17th Avenue (Novick and Saltzman voted yes; Fritz, Fish, and Hales voted no) and Commissioner Saltzman's Amendment 12 which would have retained exceptionally high-density RH zoning in North Westmoreland. (all voted no). SMILE opposed both amendments. * This property is being offered @ $698500. cash. There will be no contract or payment options available.* The property is being sold by the owner. The home doesn't need to be sold and is in fine shape. The unsolicited interest in our property from realtors, developers, contractors and investors has been amazing. Offers have been submitted but none have been accepted yet.* We encourage developers, contractors and investors to contact us. 05/22/16
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
