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11245 SE 172nd Ave, Happy Valley, OR 97086 — photograph 1

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11245 SE 172nd Ave, Happy Valley, OR 97086 — photograph 1
3.2 Acres

11245 SE 172nd Ave, Happy Valley

$3,900,000

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ActiveMLS®: 515799283Listing held by another brokerage, marked RMLS
Lot size
3.2 acres
Property type
Land
Days on market
141

Overview

Positioned directly on high-visibility SE 172nd Avenue at a prominent roundabout in the heart of Happy Valley’s fastest-growing corridor, this CCC – Community Commercial Center District zoned property offers a rare blend of immediate income and long-term redevelopment upside. The site is currently stabilized with a rented single-family home, along with additional barn and shop improvements that generate holding value while plans are evaluated. Surrounded by new multifamily housing, residential subdivisions, and ongoing corridor intensification, the property sits within an area actively transitioning toward higher-density, mixed-use development supported by major public investment in 172nd Avenue infrastructure and long-term city planning for community-scale commercial and urban center growth. With strong frontage exposure, flexible CCC zoning that supports commercial, mixed-use, and potential higher-density residential concepts (subject to approvals), and exceptional strategic positioning at a key growth node, this is an ideal acquisition for a developer seeking both cash flow during entitlement and significant future upside in one of Happy Valley’s most active development corridors.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
3.2 acres
Lot features
Public Road
View
Yes
View description
City

Schools

High school
Clackamas
Middle school
Happy Valley
Elementary school
BeatriceCannady

Location

City
Happy Valley
County
Clackamas
Zoning
CCC

Taxes and dues

Annual taxes
$6,229 (2025)

Location

11245 SE 172nd Ave, Happy Valley, OR 97086

Map showing the location of 11245 SE 172nd Ave, Happy Valley, OR 97086
© Mapbox © OpenStreetMap

Monthly payment estimate

$21,277 /mo

20% · $780,000
7.00%
Principal and interest
$20,757
Property tax (2025)
$519
Total
$21,277

Estimate only, and not an offer of credit. Assumes 20% down ($780,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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