$440,000 43,400 sq/ft of R1-Zoned Land

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1 23 NE 151st Ave $440,000 43,400 sq/ft of R1-Zoned Land Z o n ing allows for a variety of development oppor tunities C l o s e - in NE Po r t land location, near Burnside and I - 84 Ju s t over $10 sq/ft. Nick Krautter, PC Principal Broker in Oregon KW Commercial, Portland Central ph BEN@SELLPDX.COM Each office is independently owned and operated All information deemed reliable but not guaranteed

2 LOCATION MAP: NE Portland OPPORTUNITY: Great development opportunity. 43,400 square feet on R1-zoned land. Perfect for multi-family development. Minutes from transportation, shopping and employment. So act fast. Buyer to do due diligence. Nick Krautter, PC Principal Broker in Oregon KW Commercial, Portland Central ph Each office is independently owned and operated All information deemed reliable but not guaranteed

3 23 NE 151st Ave OPPORTUNITY: Great development opportunity. 43,400 square feet on R1- zoned land. Perfect for multi-family development. Minutes from transportation, shopping and employment. So act fast. Buyer to do due diligence. Nick Krautter, PC Principal Broker in Oregon KW Commercial, Portland Central ph Each office is independently owned and operated All information deemed reliable but not guaranteed

4 23 NE 151st Ave WATER SEWER Nick Krautter, PC Principal Broker in Oregon KW Commercial, Portland Central ph

5 Multi-Dwelling Residential Zones Zone Summaries The City of Portland, Oregon Page 1 of 2 Planning and Sustainability Innovation. Collaboration. Practical Solutions. Phone: Curbside Hotline: SW 4th Ave, Suite 7100, Portland, OR More Contact Info ( Multi-Dwelling Residential Zones R3 (Residential 3,000) zone ( The R3 zone is a low density multi-dwelling zone. It allows approximately 14.5 dwelling units per acre. Density may be as high as 21 units per acre if amenity bonus provisions are used. Allowed housing is characterized by one and two story buildings and a relatively low building coverage. The major type of new development will be townhouses and small multi-dwelling residences. This development is compatible with low and medium density single-dwelling development. Generally, R3 zoning will be applied on large sites or groups of sites. R2 (Residential 2,000) zone ( The R2 zone is a low density multi-dwelling zone. It allows approximately 21.8 dwelling units per acre. Density may be as high as 32 units per acre if amenity bonus provisions are used. Allowed housing is characterized by one to three story buildings, but at a slightly larger amount of building coverage than the R3 zone. The major types of new development will be duplexes, townhouses, rowhouses and garden apartments. These housing types are intended to be compatible with adjacent houses. Generally, R2 zoning will be applied near Major City Traffic Streets, Neighborhood Collector and District Collector streets, and local streets adjacent to commercial areas and transit streets. R1 (Residential 1,000) zone ( The R1 zone is a medium density multi-dwelling zone. It allows approximately 43 units per acre. Density may be as high as 65 units per acre if amenity bonus provisions are used. Allowed housing is characterized by one to four story buildings and a higher percentage of building coverage than in the R2 zone. The major type of new housing development will be multi-dwelling structures (condominiums and apartments), duplexes, townhouses, and rowhouses. Generally, R1 zoning will be applied near Neighborhood Collector and District Collector streets, and local streets adjacent to commercial areas and transit streets. RH (High Density Residential) zone ( The RH zone is a high density multi-dwelling zone. Density is not regulated by a maximum number of units per acre. Rather, the maximum size of buildings and intensity of use is regulated by floor area ratio (FAR) limits and other site development standards. Generally the density will range from 80 to 125 units per acre. Allowed housing is characterized by medium to high height and a relatively high percentage of building coverage. The major types of new housing development will be low, medium, and high-rise apartments and condominiums. Generally, RH zones will be well served by transit facilities or be near areas with supportive commercial services. RX (Central Residential) zone ( The RX zone is a high density multi-dwelling zone which allows the highest density of dwelling units of the residential zones. Density is not regulated by a maximum number of units per acre. Rather, the maximum size of buildings and intensity of use are regulated by floor area ratio (FAR) limits and other site development standards. Generally the density will be 100 or more units per acre. Allowed housing developments are characterized by a very high percentage of building coverage. The major types of new housing development will be medium and high rise apartments and condominiums, often with allowed retail, institutional, or other service oriented uses. Generally, RX

6 Multi-Dwelling Residential Zones Zone Summaries The City of Portland, Oregon Page 2 of 2 zones will be located near the center of the city where transit is readily available and where commercial and employment opportunities are nearby. RX zones will usually be applied in combination with the Central City plan district. IR (Residential Institutional) zone ( The IR zone is a multi-use zone that provides for the establishment and growth of large institutional campuses as well as higher density residential development. The IR zone recognizes the valuable role of institutional uses in the community. However, these institutions are generally in residential areas where the level of public services is scaled to a less intense level of development. Institutional uses are often of a significantly different scale and character than the areas in which they are located. Intensity and density are regulated by the maximum number of dwelling units per acre and the maximum size of buildings permitted. Some commercial and light industrial uses are allowed, along with major event entertainment facilities and other uses associated with institutions. Residential development allowed includes all structure types. Mixed use projects including both residential development and institutions are allowed as well as single use projects that are entirely residential or institutional. IR zones will be located near one or more streets that are designated as District Collector streets, Transit Access Streets, or streets of higher classification. IR zones will be used to implement the Comprehensive Plan s Institutional Campus designation. The IR zone will be applied only when it is accompanied by the d Design Review overlay zone.

7 Overlay Zones Zone Summaries The City of Portland, Oregon Page 1 of 4 Planning and Sustainability Innovation. Collaboration. Practical Solutions. Phone: Curbside Hotline: SW 4th Ave, Suite 7100, Portland, OR More Contact Info ( OverlayZones Alternative Design Density ( (a) ( overlay zone The purpose of the Alternative Design Density Overlay Zone is to focus development on vacant sites, preserve existing housing and encourage new development that is compatible with and supportive of the positive qualities of residential neighborhoods. The concept for the zone is to allow increased density for development that meets additional design compatibility requirements. Buffer ( (b) ( overlay zone The Buffer overlay zone requires additional buffering between nonresidential and residential zones. It is used when the base zone standards do not provide adequate separation between residential and nonresidential uses. The separation is achieved by restricting motor vehicle access, increasing setbacks, requiring additional landscaping, restricting signs, and in some cases by requiring additional information and proof of mitigation for uses that may cause off-site impacts and nuisances. Design ( (d) ( overlay zone The Design Overlay Zone promotes the conservation, enhancement, and continued vitality of areas of the City with special scenic, architectural, or cultural value. This is achieved through the creation of design districts and applying the Design Overlay Zone as part of community planning projects, development of design guidelines for each district, and by requiring design review or compliance with the Community Design Standards. In addition, design review or compliance with the Community Design Standards ensures that certain types of infill development will be compatible with the neighborhood and enhance the area. Environmental ( ( (p) ( and ( (c) ( and NRMP) overlay zones Environmental zones protect resources and functional values that have been identified by the City as providing benefits to the public. The environmental regulations encourage flexibility and innovation in site planning and provide for development that is carefully designed to be sensitive to the site s protected resources. The environmental regulations also carry out Comprehensive Plan policies and objectives. Purpose of the Environmental Protection Zone The Environmental Protection zone provides the highest level of protection to the most important resources and functional values. These resources and functional values are identified and assigned value in the inventory and economic, social, environmental, and energy (ESEE) analysis for each specific study area. Development will be approved in the environmental protection zone only in rare and unusual circumstances. The Environmental Protection overlayzone is applied wherever the Citydetermines that highly significant resources and functional values are present.the Environmental Protection overlayzone is shown on the Oficial Zoning Maps withthe p symbol. Purpose of the Environmental Conservation Zone

8 Overlay Zones Zone Summaries The City of Portland, Oregon Page 2 of 4 The Environmental Conservation zone conserves important resources and functional values in areas where the resources and functional values can be protected while allowing environmentally sensitive urban development. The Environmental Conservation overlayzone is applied wherever the Citydetermines that significant resources and functional values are present.the Environmental Conservation overlay zone is shown on the Oficial Zoning Maps withthe c symbol. Natural Resource Management Plan (NRMP) ( ( Natural Resource Management Plans may contain regulations that supersede or supplement the regulations of this chapter. Whenever natural resource management plan provisions conflict with other provisions of this chapter, the natural resource management plan provisions supersede. Non-conflicting provisions supplement the provisions of this chapter. Maps 430-9, 10, 11 and 12 show Natural Resource Management Plan areas. Future Urban ( (f) ( overlay zone The Future Urban overlay zone limits development in future urban areas. Future urban areas are, (1) all areas beyond the Metropolitan Service District s Urban Growth Boundary (UGB), and (2) areas within the UGB to which the extension of full urban services would not be cost effective or would cause unacceptable harm to the environment. The Future Urban overlay zone limits development by prohibiting the creation of new lots with a total area of less than 20 acres. Greenway ( ( (g) ( ( (i) ( ( (n) ( ( (r) ( or ( (q) ( ) overlay zones The Greenway regulations are intended to: Protect, conserve, enhance, and maintain the natural, scenic, historical, economic, and recreational qualities of lands along Portland s rivers; Establish criteria, standards, and procedures for the development of land, change of uses, and the intensification of uses within the greenway; Increase public access to and along the Willamette River for the purpose of increasing recreational opportunities, providing emergency vehicle access, assisting in flood protection and control, providing connections to other transportation systems, and helping to create a pleasant, aesthetically pleasing urban environment;and Implement the City s Willamette Greenway responsibilities as required by ORS to ;and Implement the water quality performance standards of Metro s Title 3, which are intended to protect and improve water quality to support designated beneficial water uses, and to protect the functional values of the water quality resource area which include: providing a vegetated corridor to separate protected water features from development;maintaining or reducing stream temperatures;maintaining natural stream corridors; minimizing erosion, nutrient and pollutant loading into water;filtering, infiltration and natural water purification; and stabilizing slopes to prevent landslides contributing to sedimentation of water features. River Natural (n).the River Natural zone protects,conserves,and enhances land ofscenicquality or ofsignificant importance as wildlife habitat. River Recreational (r).the River Recreational zone encourages river-dependent and river-related recreational uses whichprovide a varietyoftypes ofpublicaccess to and along the river,and which enhance the river s natural and scenicqualities. River General (g).the River General zone allows for uses and development whichare consistent

9 Overlay Zones Zone Summaries The City of Portland, Oregon Page 3 of 4 withthe base zoning,whichallow for publicuse and enjoyment ofthe waterfront,and which enhance the river s natural and scenicqualities. River Industrial (i).the River Industrial zone encourages and promotes the development ofriverdependent and river-related industries whichstrengthen the economicviabilityofportland as a marine shipping and industrial harbor,while preserving and enhancing the riparian habitat and providing publicaccess where practical. River Water Quality(q).The River Water Qualityzone is designed to protect the functional values ofwater qualityresources bylimiting or mitigating the impact ofdevelopment in the setback. Aircraft Landing ( (h) ( overlay zone The Aircraft Landing overlay zone provides safer operating conditions for aircraft in the vicinity of Portland International Airport by limiting the height of structures and vegetation. Main Street Node ( (j) ( overlay zone The Main Street Node overlay zone regulations encourage a mix of residential, commercial, and employment opportunities within identified centers of activity along Sandy Boulevard. The zone allows for efficient use of land at increased densities for the mutual reinforcement of public investments and private development. Allowing additional height and floor area for all uses encourages transitsupportive densities and a mix of uses and activities. Main Street Corridor ( (m) ( overlay zone The Main Street Node overlay zone regulations encourage higher density residential uses by allowing greater building heights, reducing required building coverage for residential development;and allowing more flexibility in site design. The intent of the zone is to provide transit-supportive levels of residential uses, in addition to commercial uses along the Sandy Boulevard main street, between centers of commercial and mixed-use activity. Scenic Resources ( (s) ( overlay zone The Scenic Resource zone is intended to: Protect Portland s significant scenic resources as identified in the Scenic Resources Protection Plan; Enhance the appearance of Portland to make it a better place to live and work; Create attractive entrance ways to Portland and its districts; Improve Portland s economic vitality by enhancing the City s attractiveness to its citizens and to visitors; Implement the scenic resource policies and objectives of Portland s Comprehensive Plan. The purposes of the Scenic Resource zone are achieved by establishing height limits within view corridors to protect significant views and by establishing additional landscaping and screening standards to preserve and enhance identified scenic resources. Light Rail Transit Station ( (t) ( overlay zone The Light Rail Transit Station overlay zone encourages a mixture of residential, commercial, and employment opportunities within identified light rail station areas. The zone allows for a more intense and efficient use of land at increased densities for the mutual reenforcement of public investments and private development. Uses and development are regulated to create a more intense built-up environment, oriented to pedestrians, and ensuring a density and intensity that is transit supportive. The development standards of the zone also are designed to encourage a safe and pleasant pedestrian environment near transit stations by encouraging an intensive area of shops and activities, by encouraging amenities such as benches, kiosks, and outdoor cafes, and by limiting conflicts between vehicles and pedestrians.

10 Overlay Zones Zone Summaries The City of Portland, Oregon Page 4 of 4 ( Valley Natural Resources (v) ( overlay zone The purpose of the Pleasant Valley Natural Resources overlay zone is to: Protect and conserve significant natural resources in Pleasant Valley, recognizing that existing houses and other existing uses will continue and limited new development will occur in the zone; Facilitate restoration and enhancement of stream corridors, wetlands, and forests within Pleasant Valley; Maintain streams and riparian areas as a natural area amenity for the community of Pleasant Valley; Protect existing floodplains and wetlands, and restore these areas for improved hydrology, flood protection, aquifer recharge, and habitat functions; Protect upland habitats and enhance connections between upland and riparian habitats within Pleasant Valley and between Pleasant Valley and the nearby habitats of Powell and Clatsop Buttes and Butler Ridge; Maintain and enhance water quality and control erosion and sedimentation through revegetation of disturbed sites and through limits on construction, impervious surfaces, and pollutant discharges in the zone;and Conserve the scenic, recreational, and educational values of significant natural resources in the zone. Portland International Airport Noise Impact ( (x) ( overlay zone The Portland International Airport Noise Impact overlay zone reduces the impact of aircraft noise on development within the noise impact area surrounding the Portland International Airport. The zone achieves this by limiting residential densities and by requiring noise insulation, noise disclosure statements, and noise easements.