SE Fairoaks Ave #600, Portland, OR 97267

(Sign will be up soon! Lot is located directly to the left of 15323 SE Fairoaks Avenue ) A rare opportunity to build your dream home or capitalize on exceptional development potential. Set among established homes in a desirable Milwaukie neighborhood, this exceptional 0.47-acre parcel combines the charm of an established neighborhood with the flexibility to bring your vision to life. Whether your vision is a custom home designed to reflect your lifestyle or a well-planned development investment, this property offers exceptional flexibility in a highly desirable location. Enjoy frontage and access from both SE Thornton Drive and SE Fair Oaks Avenue, offering added flexibility for site planning, design, and future access. Just minutes from the Willamette River, parks, shopping, dining, and major commuter routes, the location provides an ideal balance of neighborhood charm and everyday convenience.Zoned R-10 and located within the Metro Urban Growth Boundary, according to information provided by Clackamas County Planning, the property is also subject to the MD-1 (Middle Development 1) overlay, adopted through recent housing code updates intended to expand housing opportunities. Potential development options may include townhomes, cottage clusters, duplexes, triplexes, quadplexes, multifamily housing, and other middle housing types. Properties offering this combination of location, flexibility, and long-term potential are becoming increasingly difficult to find. Buyer to perform all due diligence regarding zoning, permitted uses, utility availability, development standards, lot yield, and development feasibility.