Located in Northeast Portland, this land property is the perfect opportunity for a multifamily development project. The property is zoned CM3 – Commercial Mixed Use, which allows for development of 65′ height (6 stories) with potential increase to 75′ (7 stories) and 3:1 FAR and a maximum of 5:1 with bonus provisions. The site is served utilities including electric, gas, water and sewer.Adding to the appeal of this property, it is located in The Opportunity Zone, which allows for significant tax benefits for investors. This is a rare opportunity to invest in a property with strong growth potential and the added benefit of tax savings.