Receivership Auction: Value-Add Commercial Property with Development Potential in Portland, OR

This listing presents a unique investment opportunity in Portland, Oregon, featuring a 27,000 SF showroom property situated on a 0.41-acre lot. Located at 3300 NE Broadway St, the property boasts a high-profile site with excellent highway visibility and direct freeway access, making it ideal for commercial ventures. The flexible CM3 zoning allows for a variety of uses, including the existing plans for a 19-unit apartment complex and retail space, with permits extended until March 29, 2026. The property, built in 1918 and standing 4 stories tall, is being offered via online auction, creating an unprecedented cost basis opportunity for investors. Strong local demographics and demand drivers further enhance its appeal. This is a receivership sale, indicating a motivated seller and a chance to acquire a significant asset with substantial value-add potential.