16300 Agnes Ave Oregon City, OR 97045

Property Details for 16300 Agnes Ave

Year built

1968

Lot size

1.58 lot acres

Zone code

MUD

Property type

Commercial land

APN

22E29 01507

APU

22E2901507

Description

This 2.56-acre Oregon City property, located at 16300 & 16320 Agnes Avenue, offers a unique redevelopment opportunity with existing cash flow. The 12,000 square foot warehouse building is fully leased to three tenants: Hamiltons Appliance, TNT Fireworks, and Kiewit Infrastructure. The property boasts 4 dock doors and 1 grade door, along with 480-volt 3-phase power. An additional 1,000 square feet of office space is also included. Zoned MUD (Mixed Use Development), this site presents high visibility from Interstate 205, making it ideal for a variety of uses including retail, commercial, hotel, or senior living. Its prime location is adjacent to the Clackamette Cove Urban Renewal Area, benefiting from ongoing infrastructure improvements and nearby development projects like the 244 Edgewater at the Cove Apartments and Summit Development's "The North End" project, which encompasses approximately 62 acres of mixed-use development. The property's current net operating income (NOI) is $136,751, and the asking price is $2,100,000. This presents a compelling investment opportunity in a rapidly growing area. The property's strategic location and existing infrastructure provide a solid foundation for future development and significant return on investment.