Desirable Portland peninsula multi-use office, retail, restaurant, bar

Highlights:

• Property values in this area are about to increase significantly
• major 350+ unit apartment building being built across street for people who plan to mostly walk or take local transit bus
• new zoning allows major increased building height
• reconfiguring streetscape to reduce vehicle traffic and encourage more pedestrian and bicycle use
• "Hip" side of town with fantastic shops/eateries and innovative architectural design

Description:

Fantastic investment opportunity! Get in on the Washington Street revitalization that has already started and likely to make the adjacent properties which surround "Tavata" SOAR in value! Tavata a new 7 story, 325+ housing unit complex with street level commercial space is currently being built directly across the street. Also worth noting, is an approved 7 story building containing 87 micro-apartments on the corners of Washington and Congress, just a couple blocks away. The re-zoning of this section of Washington Ave in the last couple years from B-1 to B-2B greatly expands the vertical limits of new or existing development. You're essentially investing in the building itself and the air-rights overhead! This legendary building has been home to District 1, Post 25 AMVETS since 1953 (73 years). This 7600+sq' building has a cozy vibe with picture windows offering a Peek-a-boo view of Back Bay and the Portland city skyline facing West with incredible sunsets. All offers should be in by Monday, October 12th and will be reviewed and considered.