$998,000

8523 Se STARK St, Portland, OR 97216

2,729 sqft

Commercial Property
Built in 1937
0.29acre lot
—— car garage
$366/sqft
Listed 11 months ago

Property Description

**Price Reduced! Exceptional opportunity in Montavilla with two parcels on a prime corner lot and dual access points. CM-2 zoning allows mixed-use development including residential units, a 4-story apartment building/complex, or retail/residential combinations, ideal for developers or owner/users. The main home, built in 1937 with a 1952 garage addition (936 SF), has been used as office space, a children’s daycare, a carpentry shop, and most recently an automotive repair shop; the home currently does not include a kitchen. The modular building is approximately 800 SF with two restrooms, historically part of the daycare operation. Seller states parking for 20+ vehicles. With strategic location near main roads and freeways, this property offers significant growth and expansion potential. Seller is open to partial seller carry financing for up to five years and longer-term financing if needed. Don’t miss this rare Montavilla opportunity!

Listing Status:: Active
Date Added:: January 10, 2025 at 06:00AM
Listing Office:: Rose Country Realty : 971-570-2216
Listing Agent:: Annie Wrucke : 971-570-2216
MLS ID:: 638680121

Heating: Forced air

Parking: Off streetParking spaces: 20

Roofing: Composition
General: Frame

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: CM2TERRACE PKBLOCK 4E 1/2 OF LOT 2LOT 3R284602

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Annie Wrucke, Rose Country Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Vestal Elementary School

161 NE 82nd Ave, Portland, OR, 97220

Grades KG-5

0.42 miles away

Creative Science K-8 School @Clark

1231 SE 92nd Ave, Portland, OR, 97216

Grades KG-8

0.47 miles away

Leodis V. McDaniel High School

3905 SE 91st Ave, Portland, OR, 97266

Grades 9-12

1.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.