Rare opportunity to acquire approximately an acre in the path of Happy Valley's continued growth! Located near the corner of SE 172nd Ave and SE Troge Rd in the Pleasant Valley area, this unique property offers exciting residential development potential at an exceptional price point. Happy Valley's planning framework for the surrounding area includes urban residential development, with a variety of housing types possible depending on the property's applicable zoning and development approvals. Portions of the acreage are affected by mapped natural-resource and environmental constraints, creating an opportunity to thoughtfully concentrate development within the site's usable areas while incorporating the property's natural features and open space into the overall design. Significant public investment is underway nearby, including major improvements to the SE 172nd Ave corridor and expanding infrastructure supporting continued residential growth throughout Pleasant Valley. Explore the possibilities for detached homes, middle housing, townhomes or other residential development consistent with applicable zoning and City approval. Offered at $399,950. Buyer to perform all due diligence regarding zoning, density, environmental overlays, utilities, access, right-of-way, infrastructure and development feasibility.
Vacant landProperty Type
0.82 acresLot Size
$396,341Price/Acres
Listed by Michael Smira• John L. Scott Portland Central
Listed by Danny Sommers• John L. Scott Portland Central
The Gateway to Growth on SE 172nd Avenue Opportunities like this are rare. Nearly 10 acres of untapped potential in one of the Pacific Northwest’s fastest-growing submarkets. Positioned along the high-traffic SE 172nd Ave corridor, this property delivers visibility, flexibility, and long-term upside.Whether you're looking to establish a commercial presence, develop retail, or build a high-density residential community, this site gives you room to execute.Property Highlights Size: 9.7 wooded acres Location: SE 172nd Ave, Happy Valley, OR, adjacent to Mr. Tree Landscape Supply Environmental: Clean Phase I Environmental Study completed Topography: Flat and wooded, offering natural screening or a premium timbered feelZoning: Employment Center (EC)Flexible zoning supporting a wide range of uses:• Light industrial and flex space• Commercial and retail development• Mixed-use with office and ground-floor retail Located within a key growth corridor, the property also presents strong potential for future residential conversion, including single-family or multi-family development, aligning with continued housing demand in Happy Valley.Location and Connectivity• Frontage on SE 172nd Ave, a major north-south arterial• Close to Sunnyside Rd and Highway 212• Established neighboring businesses, including Mr. Tree Landscape Supply• Surrounded by ongoing residential growth Clean Slate Opportunity With a completed Phase I Environmental Study, you can move directly into planning and development with confidence. Buyer to do their own due diligence with City and County.
RMLS #17394319
Oct 16, 2017
Sold
$200,000
Aug 4, 2017
Listed
$200,000
Aug 3, 2017
Pending
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RMLS #17699494
Oct 16, 2017
Sold
$50,000
Aug 4, 2017
Listed
$50,000
Aug 3, 2017
Pending
—
No drain field available at this time. The lot is currently not buildable. Must be purchased with 1.05 acre buildable Lot next door ($200,000). Enjoy the use of the property now, huge upside in the future! If drain field easement can be obtained from a neighbor in the future or if sewers become available, this lot will be extremely valuable! The property line goes well past the trees to the north.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Vacant Land
County
Clackamas County
APN
00138032
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Last updated by owner on Nov 8, 2026.
EC
Employment Center District
The purpose of the Employment Center (EC) District is to provide for a mix of employment opportunities, located where they are accessible by a variety of transportation modes, including transit services and safe and convenient pedestrian connections. These areas provide sites suitable for business and office parks, campus and light industrial uses, professional and corporate offices, medical offices and clinics, tech/flex businesses, creative arts and services, technical/vocational schools and other related businesses. Building types range from large single user campuses, multiple tenant business parks to multistory mixed-use buildings. Quality design and a connected and walkable character of the surrounding environment will be provided. Housing is allowed when combined in vertical mixed-use buildings.
Permitted uses
Include but are not limited to:
Agriculture
Industrial
Manufacturing
Infrastructure
Office
Research & development
Transportation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97086
Average low and high temperatures (°F)
48
36
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38
57
42
64
44
70
49
76
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83
58
84
60
77
56
62
46
53
43
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41
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Apr
May
Jun
Jul
Aug
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 3% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.8 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for SE 172 Ave
$292,241
$33K under list price of $325K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $680K.