King City Mixed-Use Development
For Sale
$650,000
16948 SW 132ND Ter, King City, OR 97224
LAND - KingCity, OR
Lot Size0.33 Acres
Days on Market208
Property Features for 16948 SW 132ND Ter
General Information
Property type
Land
Property subtype
Other
Zoning
NMU
Subdivision
SUMMA VILLAGE
Elementary school
Deer Creek
Middle school
Twality
High school
Tualatin
Directions
Head east on Pacifc Hwy toward Old State Hwy 99W. Turn left onto SW Fischer Rd.
Standard status
Active
APN
R2231683
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
SUMMA VILLAGE, LOT 17, ACRES 0.33
Tax Annual Amount
3989
Legal Description
SUMMA VILLAGE, LOT 17, ACRES 0.33
Listing Agency:
Summa Real Estate Group
(503) 906-2606
Listed By:
Tyler Horst · License #201218421
(503) 956-8104
Added: Jan 6
Changed: May 19
Last Checked: Aug 2 at 8:06PM
MLS# 427686839
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 0.33-acre mixed-use commercial lot is zoned Neighborhood Mixed Use (NMU), allowing for a wide range of residential and commercial uses. It is located at the corner of SW 131st Ave and Fischer Rd in King City. The property is level-graded, fully developed, and connected to all utilities, including water, sewer, stormwater, natural gas, electricity, and fiber optics. The zoning allows for live/work units, townhomes, hospitality, religious assembly, and personal service space, in addition to retail, professional office, and multifamily uses. It has great potential for a mixed-use retail and residential building, adult care facility, multi-family apartment building, condominiums, medical, or office space. Up to 22,000 square feet of mixed-use commercial and residential space can be built, up to three stories tall, allowing up to 20 residential or commercial units. The property is located near King City Community Park, Bull Mountain, and the Tualatin River, and nestled between Pacific Hwy amenities and Roy Rogers Rd. This corner lot benefits from high visibility and traffic exposure on Fischer Rd, which is expected to become a major thoroughfare following the completion of the Fischer Rd extension. The property is also positioned at the entrance of the Kingston Terrace Master Plan expansion. King City is experiencing strong population growth, creating sustained demand for neighborhood-serving commercial and residential development.
Key Highlights
- Prime 1/3‑acre corner lot in rapidly growing King City, zoned NMU for diverse mixed‑use development.
- Ready‑to‑build: Level‑graded, fully developed, and connected to all utilities.
- High development potential: Build up to 22,000 SF, three stories tall, allowing up to 20 residential or commercial units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 97224, OR
37,365
Population
15,938
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
4,152
Density / Sq Mi
$94,456
Median Household Income
$55,802
Median Earnings
$1,693
Median Rent
$579,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Ready-to-build 1/3-acre mixed-use commercial lot in King City, OR.
Where is this commercial land located?
The property is located at 16948 SW 132ND Ter King City, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime 1/3‑acre corner lot in rapidly growing King City, zoned NMU for diverse mixed‑use development.; Ready‑to‑build: Level‑graded, fully developed, and connected to all utilities.; High development potential: Build up to 22,000 SF, three stories tall, allowing up to 20 residential or commercial units.