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1105 Abernethy Rd - North End Property 65.35 Acres of Commercial Land Offered at $11,950,000 in Oregon City, OR 97045

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INVESTMENT HIGHLIGHTS

Infill character
Located at confluence of Intersate-205 and State Highway 213
Adjacent to Home Depot and near downtown Oregon City

Interim income
Three perimeter roadways and a signalized intersection
Developable area estimate: 56.6 AC (Per recent development plan)

EXECUTIVE SUMMARY

Arguably the last, best located, largest mixed-use regional development site in the Portland metro area. Recent development proposal included over 1M SF of commercial, service, entertainment, residential, & retail uses. Outright permitted uses include office, medical clinics, health/fitness clubs, indoor entertainment, multi-family, retail trade (not exceeding 60,000 SF), residential care facilities, research and development activities, and religious institutions, among many others. Conditional uses include drive-through
facilities, hospitals, parks, retail trade exceeding 60,000 SF, gas stations, stadiums, distributing, wholesaling and warehousing among others.

North End Property -1105 Abernethy Rd

PROPERTY FACTS

Price	$11,950,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Office Mixed Use Apartment Units Hold For Development
No. Lots	1	Total Lot Size	65.35 AC
Property Type	Land
Zoning	MUD - Mixed-Use Downtown District

Price	$11,950,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Office Mixed Use Apartment Units Hold For Development
Total Lot Size	65.35 AC
Zoning	MUD - Mixed-Use Downtown District

1 LOT AVAILABLE

Lot

Price	$11,950,000	Lot Size	65.35 AC
Price Per AC	$182,861.51

Price	$11,950,000
Price Per AC	$182,861.51
Lot Size	65.35 AC

DESCRIPTION

The property is located in the city of Oregon City at the confluence of Interstate 205 and State Highway 213. Oregon City is a suburb of the greater Portland/Vancouver metro area, situated approximately 13 miles southeast of downtown Portland (CBD). Due to its central location and access, the property was designated in 1995 by the METRO regional government as one of eight Regional Centers as part of its 2040 Growth Concept Plan. This is the only such regional area between Clackamas (six miles north) and Washington Square (Tigard, 17 miles northwest). Both the Clackamas and Washington Square areas are near fully developed. Oregon City and Clackamas County are among the fastest-growing regions in the area. Oregon City serves as the county seat for Clackamas County, with a 2024 population of 37,572, reflecting a 2.5-times increase since 1990. Clackamas County, the third-largest county in the state, has a 2024 population exceeding 425,000, marking an increase of over 50% since 1990. The property offers an excellent regional location, just off the Interstate 205/State Highway 213 interchange. It is within five miles of the cities of West Linn, Lake Oswego, Gladstone, Happy Valley, and unincorporated Clackamas. Within a five-mile radius, the population is approximately 150,000, and within 10 miles, it reaches nearly 600,000. The average household income is $138,984 within five miles and $141,353 within 10 miles.