Contract, Investor, and Developer Alert! A rare opportunity to own a highly versatile property in the desirable Oak Grove neighborhood. Ideal for redevelopment, rental income, or a home based business, this prime location sits west of Hwy 99E, near the Trolley Trail, and just minutes from the scenic Willamette River. 2 bed, 1 bath home along with a spacious 1050 sqft shop situated on an oversized 13,939 sqft lot. Perfect for contractors, mechanics, or creative workspace needs. The shop is equipped with a separate 200 amp electric panel and gas meter, providing added flexibility.Recent upgrades include new sewer and water lines, roof, gutters, siding, paint, and flooring. A 200 sqft custom covered deck offers a tranquil retreat overlooking your very own mature Oak trees. Additionally, the driveway was reinforced with a rock base approximately two years ago for durability and ease of access.With HB 2001 allowing up to four dwelling units per lot, the development potential is vast. Zoned R10, so you can build townhomes, cottages, a duplex, or a triplex! There may be potential for a lot partition.Do not miss this unique chance to maximize value in a high demand area! See attached site plan drawn by the owner. Buyer to verify all information.