Investment Overview

Located at 17112 (9.85 acres), 17116 (6.87 acres) and 17320 (5.13 acres) SE McKinley Road, Gresham, OR the 21.85-acre assemblage is part of a 1,532-acre area being annexed into Gresham, OR as the Pleasant Valley Plan area. The annexation is expected to be completed on April 18, 2023. The area is being annexed as a new urban area south and east of the current city limits for Gresham and Portland. Gresham’s extensive planning process has created a vision and a plan for the transition of a rural community of 800 residents into an urban community of approximately 12,000 residents and 5000 jobs. The property is zoned Mixed Use Commercial Employment (MUE-PV). Permitted uses include: - Business and retail service and trade, clinics, and auto-dependent uses (like car repair) are limited to 40,000 square feet. - Daycare facilities, live-work - Mixed use including residential on upper stories - Mini storage - Outdoor commercial up to 2 acres - Institutional uses as Special Use Review While the zone is primarily oriented to commercial uses rather than residential ones, there are special allowances for regulated affordable housing. There is not an applicable Min or Max residential density. The property benefits from access from SE McKinley Road and nearby SE Jenna, SE Foster Road and SE Powell Boulevard. The asset offers the developer an opportunity to acquire developable commercial property in Gresham taking advantage of favorable demographics and strong city support.