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- LoopNet Team
15415 Hallmark Dr
Lake Oswego, OR 97035
Mercato Grove Land · Land For Sale
·
1.36 AC
Investment Highlights
- Flexible Zoning & Developer Opportunity
- Popular Retail & Restaurant Destinations
- Affluent Demographics & High-End Amenities
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 1.36 AC |
| Zoning | General Commercial - The GC zone provides for a mix of higher intensity commercial uses, as well as residential, public facilities, and cultural uses. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.36 AC |
| Zoning | General Commercial - The GC zone provides for a mix of higher intensity commercial uses, as well as residential, public facilities, and cultural uses. |
Description
The Mercato Grove Land Site is located across the street from the new Mercato Grove, is adjacent to the Kruse Way office submarket and the popular Boones Ferry commercial corridor. Its superb location, as well as its flexible commercial zoning that allows for a variety of commercial and residential uses, makes it a great location for a new development. PROPERTY SUMMARY: - Gross Land Area: 1.36 acres (±) - Estimated Net Developable Land Area: 24,490 (±)* - Zoning: General Commercial (GC) - Overlay District: Lake Grove Village Center (LGVC) - Maximum Height Limit: 45 ft.** - Allowed Uses: The GC zone provides for a mix of higher intensity commercial uses, as well as residential, public facilities, and cultural uses** - Parking Across The Street: Seller owns the Mercato Grove development directly across Mercantile Drive, which has excess parking. Seller is willing to discuss a shared parking agreement with the buyer of the Mercato Grove Land Site, if additional parking is needed. For additional details, please reach out to the CBRE listing team. * Estimated/Based off preliminary future development area study. To view, please reach out to the CBRE listing team or execute the confidentiality agreement via the Landing Page link provided. ** Conditions apply. For further information, refer to the City of Lake Oswego Community Development Code for additional information pertaining to the LGVC overlay/design district.
