Listing provided courtesy of Ianos RealtyMLS# 515799283MLS Provider
  • 66 days on site
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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.

Source: Regional MLS, MLS#: 515799283

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  • Property Type
    Land
  • Lot
    3.20 acres

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  • Median Age
    40
  • Population Density
    2,998
  • College Educated
    56%
  • Estimated Median Income
    $91,343
  • Estimated Total Home Owners
    7,378
  • Estimated Total Renters
    4,311
  • Owner / Renter Divide
    63% / 37%
  • Estimated Average Household Size
    3
  • Total Population
    31,609
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 11245 SE 172ND AVE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/24/2026Source: Regional MLS Added to Database
April 24, 2026