Block 38 - Portland HQ 422 Southwest 2nd Avenue

CBRE, Inc. is proud to present the rare opportunity to acquire an entire city block at the gateway to Portland’s CBD off of the Morrison Bridge, one of the city’s most trafficked bridges. Unencumbered by existing improvements, this site is one of the last full-block development opportunities in Downtown Portland with unlimited FAR transfers. The site supports approximately 334,000 buildable SF with the potential to rise more than 30 stories in every major use type. In its current use, the block generates significant parking and billboard revenue, providing steady holding income while an owner plans and entitles a redevelopment. At this scale, in this location, opportunities like this rarely come along.