McVey Avenue Property Sale

Property information is available in the key documents below.

Project Background / Summary: 

In 2009, the City purchased two residentially-zoned properties located at 706 and 716 McVey Avenue as a staging area for the Lake Oswego Interceptor Sewer (LOIS) project.  The LOIS project was completed in the spring of 2011, and in November 2011 the City Council held a work session on the disposition of the properties and directed staff to consider options to sell the properties. On July 10, the City Council approved moving forward with the sale of the city-owned residential properties at 706 & 716 McVey Avenue.  The two parcels were offered through a sealed bid auction process with a minimum reserve price of $550,000 (for both parcels), with sealed bids due in August.  Council-authorized negotiations with a below-threshold bidder did not result in a transaction.

 

Project ID: 
Property Sale
Project Type: 
Project Year: 
2013
Project Status: 
Active
Project Contact: 

John Decosta, Keller Williams Realty 503-702-0856 or john@decosta-properties.com Sidaro Sin, Development Project Manger 503-697-7421 or ssin@ci.oswego.or.us

Tax Map/Lot: 
21E10DB
Neighborhoods: 
706 & 716 McVey
706 & 716 McVey
706 & 716 McVey
Location
706 & 716 McVey Avenue
Lake Oswego, OR 97034