0 Stevens Rd Happy Valley, OR 97086
This exceptional 307,220 square foot commercial land parcel presents a unique opportunity for mixed-use development in Happy Valley, Oregon. Located within Phase I of the Eagle Landing Master Plan, this RC-MU zoned property offers significant potential. Situated on SE Monterey Ave & SE Stevens Rd, the site enjoys a prime location adjacent to the Eagle Landing Golf Course and Aerie Wedding and Event Center. Its eastern edge location provides excellent visibility and accessibility. A conceptual plan for a six-building development exceeding 482,000 square feet is available, showcasing the scale of potential projects. The surrounding area boasts a thriving commercial landscape, including a regional mall, big-box retailers, and easy access to I-205 and the MAX Light Rail line. This location is ideally positioned to benefit from the planned development of Eagle Landing, which will include multifamily residences, retail and dining establishments, Class-A office space, and a luxury hotel. The property's size and zoning allow for a variety of development options, including the potential for vertical housing tax credits (subject to city approval). This is a rare opportunity to acquire a significant development site in a rapidly growing area. The property is located in Clackamas County, Oregon, with a 97086 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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