$529,000

Discover the potential of this 5,000 sq. ft. CM3 lot, located amidst commercial properties on all three sides. The lot boasts zero setbacks and a 3:1 Floor Area Ratio (FAR), which extends to 5:1 FAR with bonus provisions (please verify with the City of Portland). A detailed land survey is readily available.Nested within this lot is a charming, two-story fixer-upper in the heart of the Lincoln Park neighborhood. The interior features beautiful hardwood floors, original arched room entrances, and an inviting set of French doors that lead out to the deck from the kitchen.The property is complemented by a 612 sq. ft. unfinished basement, well-supported and ready for your personal touches. With 200 amps supplying power to the property, the electrical system has been recently updated.The home also comes with a spacious two-car garage, equipped with a separate electrical panel and great potential to be converted into an Accessory Dwelling Unit (ADU).Enjoy the convenience of this location, just a short distance from the 99E on/off ramp, public parks, schools, and the array of hip, new restaurants that North-East has to offer. Perfect for those who love to walk or cycle, this neighborhood is a true paradise!This property has a Home Energy Score of 5. The detailed HES report can be found at: https://rpt.greenbuildingregistry.com/hes/OR10207388. Explore the possibilities of this unique offering! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10207388]