Overview

Description

The available 1.04 acres of land lies within both the Gresham downtown Opportunity Zone and the Vertical Housing Development Zone (VHDZ), offering many tax incentives for developers. Eligible mixed use projects receive 10 years of up to 80% property tax abatement on buildings that include residential and commercial space. Many other incentives exist for this property including: possible affordable housing income with both state and federal tax incentives, Oregon Strategic Investment Program (SIP), E-Commerce Zone, and Enterprise Zone. There is also the possibility of a Metro Housing Bond and transportation incentives.

Located in the heart of the City of Gresham, this rare development opportunity is within one half block of the Gresham Transit Max station and within walking distance of Gresham High School. Many restaurants, pubs, coffee shops and retail centers are also within close proximity. "Gresham is forecast to be the top submarket in the greater Portland area", according to developer Michael Nagy.

Highlights

• Directly on the Max light rail with the transit center only 1/2 block away
• Numerous state and federal tax incentives including affordable housing income
• Within walking distance of Gresham High School
• Many retail shops, restaurants and coffee shops are nearby

Documents

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