Kruse Oaks Dr Lake Oswego, OR 97035
- Land
- 1.79 lot acres
Current Use by Public Records
- Land
Property Details for 0 Kruse Oaks Dr
- Lot size
- 1.79 lot acres
- Property type
- Land
Description
This exceptional 1.79-acre commercial land parcel presents a rare development opportunity in Lake Oswego, Oregon's highly sought-after Kruse Way submarket. Located in the Mixed Commerce District (MC), this property boasts a strategic location off Kruse Oaks Drive, between Meadows Road and Kruse Way, providing convenient access to the I-5 interchange. The site's adjacency to a new Chick-fil-A (estimated opening early 2025) further enhances its desirability. The surrounding area is characterized by exceptionally high average household incomes nearing $180,000—significantly exceeding the Portland city average—and a substantial daytime employment population of approximately 20,000. This translates to a robust and affluent consumer base. The Kruse Way office submarket, with over 2.8 million square feet of office space, commands the highest rental rates in the state, underscoring the area's economic strength. The property's APN is 00227560, and the asking price is $3,130,000, with a land value of $40 per square foot. This presents a compelling investment opportunity in a supply-constrained market with significant growth potential. The zoning designation allows for a variety of commercial uses, making it ideal for developers seeking a prime location in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Oswego
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.74
- Latitude
- 45.4189
