10022 SE 172ND AVE, Happy Valley, OR 97086

$3,000,000

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List Price
$3,000,000
Price Change
▲ $500,000 1781222952
Days on Market
1411
MLS#
22064396
Property Type
Land
Lot Size
5 to 6.99 Acres
Region
Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Status
ACTIVE

Property Description

This 6.06-acre parcel (Tax ID #00137765) is split-zoned Mixed Commercial Center (MCC, ~4 acres) and Mixed Use Residential-Multifamily (MUR-M2, 25–34 units per acre, ~2 acres), offering a buyer two paths: a mixed-use commercial/residential development consistent with the current split zoning, or rezoning the commercial portion to MUR-M2 through a Type III zone change to bring the entire site under MUR-M2 designation. The City is advancing its own commercial development to the south and has signaled it would not want this site competing with that effort — as a result, City staff have indicated willingness to support a zone change eliminating the commercial designation here in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, so the planning groundwork and the City's disposition toward a rezone are already established for an incoming buyer. The site is level, with approximately ±300 feet of frontage on SE 172nd Avenue and access aligning to SE Huckleberry Street. An intermittent creek runs through the back (northeast) corner of the property, affecting roughly one acre between the waterway and its required buffers. A wetland determination identified a few additional wetland areas approximately 0.14 acres on-site, all minor and addressable through standard mitigation. The home is tenant-occupied — ALTA survey, wetland reports, and all City pre-application materials are available.

Additional Information

Tax Amount
$3,831
High School
Centennial
Elementary School
Pleasant Valley
Middle School
Centennial
Acres
6.06
Property Type
Mixed Use
Terms
Call Listing Agent, Cash, Contract, Conventional
View
Creek/Stream, Trees/Woods, Valley
Utilities Included
Electricity Available, Phone Available, Public Sewer, Water Available
Number Of Lots Total
1
Soil Type Classification
Native
Present Use
Commercial, Multi Family
Road Surface
Gravel

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Equity Group.

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