68 Unit Development Opportunity

For Sale

12224 SE Ash, Portland, OR 97233

Located right off of busy 122nd Avenue in Portland.Prime redevelopment opportunity in SE Portland. Located right across from TriMet's Menlo Park Park & Ride. One block from MAX Bus Stop ID 6621 and MAX Light Rail Stop ID 8349, making the perfect setting for multi-family or mixed use apartments. The area is surrounded by a diverse selection of restaurants, pubs, and coffee shops. Mall 205, with its associated big box stores is minutes away with access to I-205 nearby. The Ventura Grade School is just three blocks away with two parks also within walking distance.

Key features

  • A short drive away from I-205 and minutes from downtown Portland
  • FAR: 5:1 Max Far w/ Bonus, 100' Max Building Height or Up to 68 Apartment Units
  • Local grade school is just three blocks away and several parks are within walking distance
  • Right across from TriMet's Menlo Park Park & Ride and one block away from MAX and Bus stops. Daily traffic counts 40,547.

Building Details

  • For Sale $550,000
  • Property Type VacantLand
  • Lot Size 0.16 Acre
  • Additional Rent Price on request
  • Date Updated Sep 28, 2026
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Contacts

Denise Brohoski

Commercial Real Estate NW

Location

  • City Portland, OR
  • Neighborhood Hazelwood
  • Zip Code 97233
  • Market Portland
  • Walk score 71/100 Very Walkable
  • Transit score 58/100 Good Transit
  • Bike score 82/100 Very Bikeable
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Points of Interest

Southeast Main Street

1.42 miles

Southeast Powell Boulevard

2.26 miles

Southeast Holgate Boulevard

2.52 miles

Lents Town Center/Southeast Foster Road

3.16 miles

Cleveland Avenue

5.89 miles

Northeast 7th & Holladay

5.94 miles

Northeast Grand & Hoyt

6.01 miles

New Rose City Cab Company

6.04 miles

Northeast Grand & Multnomah

6.04 miles

Southeast Grand & Mill

6.05 miles

Astro

0.12 miles

Space Age

0.35 miles

76

0.39 miles

Arco

0.85 miles

Shell Express

1.15 miles

Chevron

1.29 miles

Blink

1.31 miles

PGE Electric Avenue Eastport Plaza

2.76 miles

Electrify America

2.89 miles

ChargePoint

3.60 miles

E 122nd/Menlo Park

0.06 miles

SE Main St

1.43 miles

Gateway

1.47 miles

Walgreens parking lot

2.01 miles

The Columba Center

2.06 miles

Vestal Elementary Guest Parking

2.13 miles

Lot B

2.25 miles

Slavic Church Parking/PCC Southeast Overflow Parking

2.28 miles

SE Powell Blvd

2.29 miles

Lot A

2.29 miles

Hertz

0.17 miles

Chevron

1.09 miles

Enterprise

1.10 miles

Washman

1.21 miles

Astro Jet Car Wash

1.31 miles

So Cal Auto Detail

2.53 miles

Eco Car Wash

2.94 miles

Autowash

3.12 miles

Avis

3.41 miles

Alamo

5.29 miles

Victorio's

0.12 miles

Don Pedro Restaurante

0.22 miles

La Isla Bonita

0.25 miles

Little Caesars

0.29 miles

Rainbow Dragon

0.32 miles

Pig 'N Pancake

0.35 miles

KFC

0.35 miles

Amai Teriyaki

0.35 miles

Taco Bell

0.40 miles

McDonald's

0.40 miles

Plaza 125

0.23 miles

130th Stark Street Mall

0.41 miles

Bi-Mart

0.91 miles

WinCo Foods

1.08 miles

Lily Market Oriental Food and Gifts

1.08 miles

Europa PDX

1.20 miles

Mingala International Mart

1.22 miles

Grocery Outlet

1.27 miles

Target

1.28 miles

Fred Meyer

1.32 miles

Division Pharmacy

0.36 miles

Walgreens

0.40 miles

Portland Fire & Rescue

0.58 miles

OHSU Adventist Health Portland

0.80 miles

South Tabor Family Physicians Clinic

0.87 miles

Portland Police

0.89 miles

Byram Healthcare

1.03 miles

Berntsen Chiropractic

1.07 miles

Paradise Found

1.15 miles

Adventist Health Portland

1.19 miles

Contact Denise Brohoski
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