This premiere CM2 lot, located in the vibrant Alberta Arts District, and 1.5 block of MLK Boulevard, offers a unique development opportunity that is close-in to Portland's East-Side Business District, the Moda Center and Portland's Convention Center, including convenient access to Portland's city-center and NW areas. The 10,080 sq ft level corner lot includes a 3,300 sq ft house built in 1909. Utilities are already on site, featuring two water meters, gas, and electric connections. With dimensions of 100x100, the property can support up to 40,000 sq ft of development, with FAR bonuses available for affordable housing. Buyers are advised to conduct their own due diligence to explore the full potential of this property. Alberta Street is one of Portland's most iconic areas, renowned for its diversity, eclectic mix of shopping, housing, restaurants, cafes, galleries, and more. The lot is perfect for leased commercial, commercial/retail, mixed-use housing, food carts, ect.