N VANCOUVER AVE PARCEL

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1 FOR SALE N. VANCOUVER COMMERCIAL OPPORTUNITY - in - PORTLAND OREGON LILLIS ALBINA CITY PARK LEGACY EMANUEL MEDICAL CENTER LOCATED on N. Vancouver Ave 2839 SW 2nd Avenue Portland OR, George N. Diamond (office) (cell) gdiamond@reig.com Nicholas G. Diamond (office) (cell) ndiamond@reig.com 2326 N VANCOUVER AVE, PORTLAND OR N VANCOUVER AVE PARCEL CLOSE-IN PORTLAND DEVELOPMENT OPPORTUNITY MULTIFAMILY, RETAIL, OFFICE ALLOWED SALE PRICE: $760,000 ($152 / SF) LAND AREA: ~0.11 AC (5,000 SF) View Site Location Property Features: Prime-Location Development Site on N Vancouver Ave 5,000 SF Lot Available CM3 Zoning Allows: Multifamily, General Retail, Office, Parking, & More Location Features: Excellent North Portland Location East of I-5 and South of Legacy Emanuel Highly-Trafficked N Vancouver Ave Positioning Close to Lillis Albina City Park, Legacy Emanuel Medical Center, Dawson Park, Harriet Tubman Middle School, Wonder Ballroom, Ex Novo Brewing Co, Pacific Crest Crossfit, Chuck J & S Grocery, and Metropolis Cycle Repair

2 N. WILLIAMS & KNOTT REDEVELOPMENT LILLIS ALBINA CITY PARK 2405 N. VANCOUVER MULTIFAMILY DEV. EX NOVO BREWING HARRIET TUBMAN MIDDLE SCHOOL PACIFIC CREST CROSSFIT 8k VPD INK BRIGADE PORTLAND PACK- AGING CO. CYCLE OREGON 5k VPD 9k VPD PAGE 2

3 Summary of Use Allowances and Development Standards The tables below show proposed use allowances and development standards of the new mixed use zones. Zoning Concept Use Allowances Use Categories CM1 CM2 CM3 CE Residential Categories Household Living Y Y Y Y Group Living L/CU L/CU L/CU L/CU Commercial Categories Retail Sales and Service Y/L Y Y Y Office Y/L Y Y Y Quick Vehicle Servicing N L L Y Vehicle Repair N Y Y Y Commercial Parking N Y Y Y Self-Service Storage N N L Y Commercial Outdoor Recreation N Y Y Y Major Event Entertainment N CU CU CU Industrial Categories Manufacturing and Production L/CU L L L Warehouse / Freight Movement N N L L Wholesale Sales N L L L Industrial Service N L/CU L/CU L/CU Railroad Yards N N N N Waste-Related N N N N Institutional Categories Basic Utilities Y/CU Y/CU Y/CU Y/CU Community Service L/CU L/CU L/CU L/CU Parks and Open Areas Y Y Y Y Schools Y Y Y Y Colleges Y Y Y Y Medical Centers Y Y Y Y Religious Institutions Y Y Y Y Daycare Y Y Y Y Other Categories Agriculture L/CU L/CU L/CU L/CU Aviation & Surface Passenger Terminals N N N CU Detention Facilities N N CU CU Mining N N N N RF Transmission Facilities L/CU L/CU L/CU L/CU Rail Lines and Utility Corridors CU CU CU CU Y = Allowed Use; L = Allowed, but Special Limitations; CU = Conditional Use; N = No, Prohibited PAGE 3

4 Zoning Concept Development Standards CM1 CM2 CM3 CE Base Height Limit (stories) 35 (3) 45 (4) 65 (6) 45 (4) Base FAR 1.5:1 2.5:1 3:1 2.5:1 Maximum Height Limit with Bonus (stories) 35 (3) 55 (5)* 75 (7) 45 (4) Maximum FAR with Bonus 2.5:1 4:1 5:1 3:1 Maximum Height Transit Street ROW < 70 feet Maximum Height- Adjacent to RF-R2.5 Zone Maximum Height- Adjacent to R2-R1 Zone Additional Height Allowed for Active Ground-floor Uses Maximum Building Coverage % Inner/ East/West 45 within 10 of lot line 45 within 10 of lot line /75/75 100/85/85 100/85/85 90/75/75 Required Landscaping % Inner/East/West 0/15/15 0/15/15 0/15/15 0/15/15 Exterior Display Areas L L L Y Exterior Storage Areas N N L Y Drive Thru Facilities N L L Y * The 55 height limit is allowed only in areas with a Mixed Use - Urban Center Comprehensive Plan designation and in areas with the Mixed Use - Civic Corridor Comprehensive Plan designation where the Design overlay zone is applied. PAGE 4

5 SITE LOCATION ELIOT IRVINGTON LLOYD LLOYD CENTER SHOPPING PEARL DISTRICT MODA CENTER GROWTH IN PORTLAND, OR PORTLAND RANKED #21 IN THE COUNTRY FOR PRIVATE SECTOR JOB GROWTH BETWEEN JULY 2007: 904,100 JOBS July 2017: 1,024,700 JOBS PERCENT CHANGE: +13.3% Business First of Buffalo ,300,000 1,200,000 1,100,000 EMPLOYMENT PORTLAND-VANCOUVER-HILLSBORO Bureau of Labor Statistics 1/07 1/08 1/09 1/10 1/11 1/12 1/13 1/14 1/15 1/16 1/ N Vancouver Ave Portland, OR AREA DEMOGRAPHICS POPULATION 2018 Estimated Population 2023 Projected Population 2010 Census Population 2000 Census Population Projected Annual Growth 2018 to 2023 Historical Annual Growth 2000 to Est. HH Income Under $15, Est. Average Household Income 2018 Est. Median Household Income 2018 Est. Per Capita Income 2018 Est. Total Businesses 2018 Est. Total Employees 1 mi radius 3 mi radius 5 mi radius 24, , ,096 26, , ,797 18, , ,828 15, , , % 1.3% 1.3% 3.4% 1.5% 1.2% 12.4% 11.7% 10.5% $93,453 $101,767 $102,937 $73,184 $76,562 $77,758 $49,351 $50,357 $47,382 2,973 22,610 31,378 40, , ,114 *Demographic Information, Traffic Counts, and Merchant Locations are Provided by REGIS Online at SitesUSA.com PAGE 5