Apparently there were no takers when we posted this over a year ago. But in that time the real estate market has gone nuts; Foster has warmed itself to a new wave of bar-goers; a few more retail shops have opened along the corridor; and nobody can afford anything west of Foster now (or southwest, north, or…dang, diagonal streets). Oh, and that Streetscape thing is actually gonna happen now.
This time around, though, there would be precedent for development in the area. (See proposal for apartments w/rebuild of YMCA.)
So here it is again, 5816 SE Foster, posted at the same price: $330,000 for .2 acres of developable land sandwiched between Slingshot and FoPo Tavern—or between ‘Use It Again’ thrift store and ‘Recovering the Northwest Custom Upholstery’ if we’re underselling the property. We’ll go with the good, though, for you’d also be near-neighbors with Salon Mojo, and a stone’s throw from Nayar Taqueria, Green Noise Records, Meticon Bikes, and Velvet Goldmine.
So what do you get for $330,000? Speculation mostly. But you can also build 45-feet high of whatever your heart desires. If you’re a betting person, that would probably be apartments. But it can be commercial, too. Or both. Or you can just sit on the vacant plot and wait another year for someone else to pay you more than you paid. But that’s what bad people do. We’d prefer you do something fun with the land.