Portland
$595,000
7 Orange Street
mls: 1659152
Bathrooms: 0
Lot Size: 0.14
Taxes: $3,683
Status: Active

DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End -- 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles.

Listed by: Vitalius Real Estate Group, LLC

DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End -- 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles. This premium corner parcel is sold fully de-risked and conceptually entitled, packaged with a formal Zoning Summary Memorandum (Perkins Thompson) validating a full 8-unit build, alongside an architectural massing study (Kaplan Thompson Architects). By staying under the city's 10-unit threshold, this project is entirely exempt from Portland's strict Inclusionary Zoning mandates, affordable housing quotas, and fee-in-lieu penalties. Unmatched natural topography unlocks spectacular, unobstructed inner harbor and active boatyard views that begin directly from the ground-level grass and expand into a panoramic sweep from the upper floors and potential 45-foot rooftop deck. The site sits entirely outside the Historic Overlay District, and the natural downhill slope perfectly accommodates street-level, tucked-under parking to drastically minimize excavation costs.

Listed by: Vitalius Real Estate Group, LLC

Accessibility Features
Appliances
Architectural Style
Basement
Bathrooms Total Integer
0
Body Type
Construction Materials
Cooling
Electric
No Electric
Exterior Features
Flooring
Foundation Details
Green Energy Efficient
Heating
Interior Features
Laundry Features
Lot Features
Intown, Near Shopping, Neighborhood, Corner Lot, Open Lot
Lot Size Acres
0.1400
Other Equipment
Other Structures
Parking Features
No Driveway, None
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Sewer
None
Tax Annual Amount
3683.00
Utilities
Water Body Name
Fore River
Water Source
None
Waterfront Features
Zoning
RN-4