VALUATION

SALE OFFERING:

13450 NW SPRINGVILLE LANE, PORTLAND, OR

ACRES: 2.64 LAND SF: 114998.4

PRICE: $2.19M LAND PSF: $829,545

PARCELS(S): 1 ON MARKET

DESCRIPTION: DEVELOPMENT

Property Name

SPRINGVILLE LANE DEVELOPMENT

Current Market Value

$2.19M

PSF -Land Value

$829,545

$2.19M

$829,545 PSF Land

2.64 ACRES READY TO DEVELOP UP TO 16 MULTI-FAMILY UNITS IN ONE OF BETHANY'S HIGHEST INCOME SECTORS

ABOUT BETHANY, OR

Situated in Washington County, Portland's Bethany neighborhood is an unincorporated community with approximately 28,047 residents and a remarkable 5.83% annual population growth. Merely 4 miles northeast of Cedar Mill and a convenient 25-minute drive from downtown Portland, its prime location is nestled between Oak Hills and Rock Creek, just north of the Sunset Highway. Furthermore, it is a mere eighteen minutes away from the Portland Hillsboro Airport.

This thriving community offers an array of condominiums and apartment buildings, while predominantly featuring smaller residential communities consisting of around 100 homes each, with prices starting from $230,000. Additionally, more expansive estates boasting larger homes are available, with prices extending upwards of $500,000. The strategic location and diverse real estate offerings make Bethany an ideal destination for families, retirees, business professionals, and regular downtown Portland commuters, presenting an excellent opportunity for property developers to invest and capitalize on.

WALKSCORE: 13 (CAR DEPENDANT)

BIKESCORE: 24 (SOMEWHAT BIKEABLE)

TRANSITSCORE: 0 (NO TRANSIT)

AIRPORT: 18 MIN DRIVE TO HIO PORTLAND-HILLSBORO REGIONAL AIRPORT