Listing provided courtesy of Summa Real Estate Group- MLS# 427686839MLS Provider

16948 SW 132ND TERKing City, OR 97224

Vacant Land · 0.33 Acres
$650,000 Active

16948 SW 132ND TER Overview

Time on Site:
175 days
Visits:
3

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.

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16948 SW 132ND TER Facts & Features

  • Type Vacant Land
  • Lot 0.33 Acres

Details

General

School Information

  • Elementary School: Deer Creek
  • Middle Or Junior School: Twality
  • High School: Tualatin

Business Information

  • Current Use: RawLand

Location/Region

  • Country: US
  • County Or Parish: Washington
  • MLS Area Major: 151 - Tigard, Tualatin, Sherwood, Wilsonville
  • Subdivision Name: SUMMA VILLAGE

Tax Information

  • Tax Annual Amount: 3988.67
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R2231683
  • Property Sub Type: Mixed Use
  • Property Type: Land
  • Zoning: NMU

Interior

Exterior

Lot Information

  • Lot Features: Corner Lot,Irrigated/Irrigation Equipment,Public Road
  • Lot Size Acres: 0.33
  • Lot Size Dimensions: 126 x 114
  • Lot Size Square Feet: 14374.0
  • Number Of Lots: 1
  • Road Surface Type: Paved

General Information

  • Utilities: CableConnected,ElectricityConnected,IrrigationWaterAvailable,NaturalGasConnected,SewerConnected,WaterConnected

16948 SW 132ND TER Neighborhood

Community

97224 (King City) Demographics

43
Median Age
4,056
Population Density (per sq. mile)
56%
College Educated
$80,419
Estimated Median Income
10,324
Estimated Total Home Owners
4,569
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16948 SW 132ND TER Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16948 SW 132ND TER Market Data

Based on the last 30 days in this zip code

$588,163
Average List Price
$268
Average Price per Square Foot
55
Properties Sold
82
Average Days on Market
296
Properties for Sale
Calculations provided by Reliance Network

16948 SW 132ND TER History

Date Event Value Agent
1/6/2026Source: Regional MLS Added to Database
January 06, 2026