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    Damascus, OR
    Mixed-Use

    Damascus, OR Mixed-use Properties for Sale

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    Happy Valley, OR Clackamas, OR Portland, OR Boring, OR Gresham, OR Oregon City, OR Eagle Creek, OR Milwaukie, OR
    Commercial Land with Existing Improvements
    Updated: Aug 14, 2023
    Commercial Land with Existing Improvements

    16400 SE HIGHWAY 224, Damascus, OR 97089

    $1,900,000
    3,508 sqft 3.98 AC lot
    3.98‑acre commercial land parcel
    CCC zoning: Community Commercial Center District
    Approved for annexation into Happy Valley
    3,508‑square‑foot Craftsman‑style home with 4 bedrooms and 2 bathrooms
    Shop, full basement, forced‑air heat, and central air
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    This listing looks promising.

    Here's a quick look at some key insights for

    16400 SE HIGHWAY 224, Damascus, OR 97089

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    • Est. Cap Rate

      2.9%
      NOI ÷ price

    • Est. NOI

      $55K
      Annual

    • Price @ 7% Cap

      $787K
      Suggested

    • Property Type

      Single Family Residence
      Built 1912
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Damascus, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Foster Corridor Mixed-Use Development Site
    Foster Corridor Mixed-Use Development Site

    9639 SE FOSTER, Portland, OR 97266

    $345,000
    0.25 AC lot

    10,722 SF CM3 zoned land in Portland's Foster Corridor.

    View details
    Mixed-Use Property with River Views
    Mixed-Use Property with River Views

    Oregon City, OR 97045

    $775,000

    Mixed-use building with professional space, two residential units, and accessible entry.

    View details
    Mixed-Use Property with Detached Garage
    Mixed-Use Property with Detached Garage

    504 ABERNETHY RD, Oregon City, OR 97045

    $475,000

    MUN zoning permits both residential and commercial use in a flexible existing property.

    View details
    Powell Valley Flexible Commercial Building
    Powell Valley Flexible Commercial Building

    16521 SE Powell Blvd, Portland, OR 97236

    Contact for pricing
    2,572 sqft 0.23 AC lot

    Versatile commercial building in Powell Valley, ideal for owner-users.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Damascus Commercial Development Land
    Damascus Commercial Development Land

    16400 SE HIGHWAY 224, Damascus, OR 97089

    $1,900,000
    3.98 AC lot

    3.98 acre commercial development property in Damascus, Oregon.

    View details
    Oregon City Land Opportunity
    Oregon City Land Opportunity

    Oregon City, OR 97045

    $5,875,000
    18.01 AC lot

    18 acres of land in Oregon City's Park Place.

    View details
    Permit-Ready Townhome Development Site
    Permit-Ready Townhome Development Site

    70 NW BIRDSDALE Ave, Gresham, OR 97030

    $700,000
    0.78 AC lot

    Permit-ready 9-unit townhome development site in Gresham, Oregon.

    View details
    Dividable Lot with Cash Flow
    Dividable Lot with Cash Flow

    501 SE 157TH, Portland, OR 97233

    $599,900
    0.48 AC lot

    0.48-acre lot zoned RM1 with cash flow.

    View details

    Damascus, OR Mixed-Use Properties Market Trends and Statistics

    Explore 1 mixed-use properties for sale in Damascus, OR on our real estate platform. These investment opportunities span a total of 3,508 square feet of properties for sale, with an estimated market value of $1,900,000.

    Sale prices for multi use buildings in Damascus, OR average $1,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    Demographics Overview

    Population 47K
    Population Growth (5Y) +2.4%
    Median Household Income $97,347
    College Educated 39.2%

    Taxes & Financing

    Tax Rate (average for all types) 1.69%
    Property Tax per SF $44.96 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clackamas County

    New Delisted

    Total CRE Inventory on Market (SF)

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