Split-Zoned Mixed-Use Development
For Sale
$3,000,000
10022 SE 172ND Ave, Happy Valley, OR 97086
LAND - HappyValley, OR
Property SizeContact for details
Lot Size6.06 Acres
Days on Market1427
Property Features for 10022 SE 172ND Ave
General Information
Property type
Land
Property subtype
Other
Zoning
MCC, M2
View
Valley
Elementary school
Pleasant Valley
Middle school
Centennial
High school
Centennial
Directions
North of Rhododendron St, South of Wooded Heights Dr on 172nd Ave
Subdivision
_145
Standard status
Active
APN
00137765
Lot size
6.06 Acres
Taxes and HOA fees
Tax Description
SECTION 30 TOWNSHIP 1S RANGE 3E QUARTER D TAX LOT 02500
Tax Annual Amount
3831
Legal Description
SECTION 30 TOWNSHIP 1S RANGE 3E QUARTER D TAX LOT 02500
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 287-8989
Listed By:
Evan Zener · License #201232023
(503) 208-5298
Added: Sep 16, 2022
Changed: Jun 19
Last Checked: Aug 12 at 8:06PM
MLS# 22064396
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6.06-acre parcel is level and split-zoned Mixed Commercial Center (MCC, approximately 4 acres) and Mixed Use Residential-Multifamily (MUR-M2, approximately 2 acres). The property includes a tenant-occupied home, and available documentation includes an ALTA survey, wetland reports, and materials from a City pre-application process. An intermittent creek runs through the back (northeast) portion of the site, affecting approximately one acre between the waterway and required buffers, along with a few minor wetland areas totaling approximately 0.14 acres that are described as addressable through standard mitigation.
The site offers approximately +/-300 feet of frontage on SE 172nd Avenue, with access aligned to SE Huckleberry Street. The City of Happy Valley is advancing commercial development to the south and has indicated it would not want this parcel competing with that effort, and city staff have signaled willingness to support a zone change that would eliminate the commercial designation in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, and the planning groundwork for an incoming buyer is in place.
For an owner or developer, the parcel presents two development paths supported by the current split zoning: proceeding with a mixed commercial/residential project under MCC and MUR-M2, or pursuing a Type III zone change to bring the entire site under MUR-M2. The presence of the creek and identified minor wetlands should be incorporated into any site planning and mitigation strategy from the outset.
The site offers approximately +/-300 feet of frontage on SE 172nd Avenue, with access aligned to SE Huckleberry Street. The City of Happy Valley is advancing commercial development to the south and has indicated it would not want this parcel competing with that effort, and city staff have signaled willingness to support a zone change that would eliminate the commercial designation in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, and the planning groundwork for an incoming buyer is in place.
For an owner or developer, the parcel presents two development paths supported by the current split zoning: proceeding with a mixed commercial/residential project under MCC and MUR-M2, or pursuing a Type III zone change to bring the entire site under MUR-M2. The presence of the creek and identified minor wetlands should be incorporated into any site planning and mitigation strategy from the outset.
Key Highlights
- 6.06‑acre parcel split‑zoned MCC (~4 acres) and MUR‑M2 (~2 acres, 25–34 units/acre) with options to follow current split zoning or pursue a Type III rezone.
- City staff have indicated willingness to support a zone change eliminating the commercial designation in favor of MUR‑M2, subject to the Type III zone change process.
- Pre‑development work completed: a prior team advanced a 184‑unit mixed‑use concept through a full City Pre‑Application Conference in 2024; ALTA survey and City pre‑application materials are available.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 97086, OR
32,612
Population
13,440
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
95%
High-School Grad
10.5 sq mi
ZIP Area
3,106
Density / Sq Mi
$102,591
Median Household Income
$49,939
Median Earnings
$1,598
Median Rent
$655,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 6.06-acre, level parcel with MCC commercial and MUR-M2 multifamily split zoning and creek-impacted open space area.
Where is this commercial land located?
The property is located at 10022 SE 172ND Ave Happy Valley, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6.06‑acre parcel split‑zoned MCC (~4 acres) and MUR‑M2 (~2 acres, 25–34 units/acre) with options to follow current split zoning or pursue a Type III rezone.; City staff have indicated willingness to support a zone change eliminating the commercial designation in favor of MUR‑M2, subject to the Type III zone change process.; Pre‑development work completed: a prior team advanced a 184‑unit mixed‑use concept through a full City Pre‑Application Conference in 2024; ALTA survey and City pre‑application materials are available.
