16948 SW 132nd Ter, Portland, OR 97224

Attention all multifamily/retail and adult care investors & developers! Finished and ready-to-build 1/3-acre mixed-use commercial lot zoned NMU in a desirable location at the corner of SW 131st Ave and Fischer Rd in rapidly growing King City. Zoned Neighborhood Mixed Use (NMU), allowing for a wide range of residential and/or commercial uses. Great potential for a mixed use retail & residential building, adult care facility, multi-family apartment building, condominiums, medical or office space. Build up to 22,000 SF of mixed-use commercial & residential space, up to three stories tall, allowing up to 20 residential or commercial units. The property is level-graded, fully developed, and connected to all utilities, including water, sewer, stormwater, natural gas, electricity, and fiber optics. Located near King City Community Park, Bull Mountain, and the Tualatin River, and nestled between Pacific Hwy amenities and Roy Rogers Rd. This corner lot benefits from high visibility and traffic exposure on Fischer Rd, which is expected to become a major thoroughfare following the completion of the Fischer Rd extension. The property is also positioned at the entrance of the Kingston Terrace Master Plan expansion. Zoning also allows for live/work units, townhomes, hospitality, religious assembly, and personal service space, in addition to retail, professional office, and multifamily uses. King City continues to experience strong population growth, supported by highly rated schools, walkable neighborhoods, urban amenities and a robust park system—creating sustained demand for neighborhood-serving commercial and residential development. Developer Packet, Offering Memorandum, Civi Engineering Plans, Recorded Plat Map & Due Diligence Docs available upon request.