731 NE Kings Valley Hwy Dallas, OR 97338

This offering comprises eight tax lots, totaling approximately 20.83 acres, situated in the City of Dallas’ planned La Creole Mixed-Use Node. The site is strategically positioned within the city’s designated growth and commercial expansion area. The La Creole Node is planned to accommodate future commercial development, supported by public infrastructure investment and a new development framework intended to guide annexation and rezoning as projects progress. The subject site lies within the La Creole Mixed-Use Node, an area identified by the City to concentrate new commercial activity along key corridors near E Ellendale Avenue and Hawthorne Avenue. According to the City’s planning direction, the node is expected to transition to commercial zoning (General Commercial) upon new development, potentially appealing to those seeking a first-mover position in Dallas’ next major commercial district. The site offers a size profile suitable for a range of developer strategies, such as a neighborhood commercial center with anchor and shop space and pad sites, service retail, medical, or office campus. Phased development allowing multiple builders, tenants, or end users and mixed-use concepts may be possible where permitted through the City’s development process. Multifamily housing can be a critical component and could be allowed in this new zoning with a conditional use permit. The City’s node plan anticipates future right-of-way dedications and public improvements. The ultimate net developable area is expected to be reduced by ROW, creating the ability to underwrite and design around planned dedications while securing a position within a City-backed growth area. The site is offered as an assemblage of eight parcels (APNs: 161493, 161758, 161505, 161518, 161521, 130491, 130446, 299637).