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    16471 Hwy SE, Unit 224 Damascus, OR 97089

    For Sale
    $995,000

    COMMERCIAL - Damascus, OR

    Property size:
    878 SF
    Lot size:
    0.61 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 16471 Hwy SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CCC
    APN
    00630008
    Size
    878 SF
    Lot size
    0.61 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1959
    Floors in Building
    1
    Building materials
    WoodSiding
    Roof type
    Flat

    Mal & Seitz Real Estate (360) 313-7870 [email protected]

    Listing agent Kathryn Smith (503) 667-1200

    Listing date Oct 31, 2025

    Copyright © 2025 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.

    Overview

    Commercial Land with Established Business

    This commercial development property, featuring an established business, is located in Damascus, Oregon. The 0.61-acre property is situated with road frontage and is approved for annexation into Happy Valley. It is zoned CCC - Community Commercial Center District, which is intended to provide locations for a wide range of small businesses, services, and mixed-use developments. The existing business is a restaurant. The property offers potential development possibilities, and the buyer is responsible for determining appropriate and approved use with the City of Happy Valley. The existing building is 878 square feet. The Pleasant Valley North Carver Comprehensive Plan has approved this property for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Similar Places Nearby

    Bar & Bowtie, ChefStable Catering, Sugar Street Catering, Alimenti Event Services, LLC, Trailhead Coffee Roasters

    Map

    City
    Damascus
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.494056
    Latitude
    45.394382

    Nearby Similar for Sale

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      Damascus Home, Office, and Shop

      Home/office and shop with RC zoning in prime location.
      16265 Hwy SE, Damascus, OR 97089
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    • $1,833,300
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      Damascus Commercial Land Opportunity

      2.91 Acres, High-Density Potential
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    FAQs

    What type of property is this?
    Restaurant - Prime commercial development property with an established restaurant business.
    Where is this restaurant located?
    The property is located at 16471 Hwy SE, Unit 224 Damascus, OR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - PRIME COMMERCIAL DEVELOPMENT PROPERTY in the Approved Pleasant Valley North Carver Comprehensive Plan.; - Zoned CCC - Community Commercial Center District offering a wide range of development possibilities.; - Approved for annexation into Happy Valley.
    (503) 667-1200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16471 Hwy SE, Unit 224 Damascus, OR 97089
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