Milwaukie Development Opportunity

Highlights:

• .85 Acre lot
• Prime location in Milwaukie, close to public transit
• Density potential with creative development design
• Value in exisiting home - rent or resell to offset costs

Description:

Development Opportunity in Milwaukie! Bring your creative development design to this .85 acre lot. Ideal location for denisty, walking distance to public transport. Existing home has value and sits up on the front of the lot, likely making for an easy partition from the remainder of the development site - live in or rent out the home while you pursue development behind - build an ADU or duplex/triplex, or pursue full redevelopment. Site has potential but will take some creativity with layouts as a portion of the lot has a storm drainage easement, as well as a portion being HCA. See photos for reference. Potential for cottage cluster, or use lot size averaging to maximize density. Adjacent to higher-density MR1 zoning. Buyer to verify all existing conditions and/or potential barriers affecting developable area of the lot.