Equity Pacific is pleased to announce the sale of the 17,144 SF site located at 1314 SE Cesar E Chavez Blvd. in Portland, Oregon which has sold for $1,600,000 or $93 PSF.
This asset was purchased for redevelopment and comprises two tax parcels zoned CM1. The Commercial Mixed Use 1 Zone (CM1) is small-scale, commercial mixed use zone intended for sites within lower density residential areas, on neighborhood corridors. Buildings in this zone can be built up to three stories and are generally oriented around retail, residential and office uses.
Located along Cesar E Chavez Blvd and two blocks from Hawthorne Blvd, this is an ideal location for tenants and retailers alike. Fred Meyer Grocery is located directly across the street, and there are popular coffee shops, bars, restaurants and retail stores along Hawthorne Blvd.
Jason Waxberg represented the buyer on the transaction, and helped them successfully complete their 1031 tax deferred exchange.
1314 SE Cesar E Chavez Blvd., Portland, OR 97214