Because the value of this property lies overwhelmingly in its unusually large, flat acreage rather than the modest 1927 footprint, its highest and best use is complete residential redevelopment. Under Portland's zoning guidelines, a developer can maximize the utility of this 0.55-acre lot by choosing one of the following paths: Subdivision: Splitting the parcel into multiple individual residential lots. Infill Redevelopment: Replacing the existing home and storage structures with modern single-family dwellings, a duplex, or a primary home paired with an Accessory Dwelling Unit (ADU).