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Mixed-Use

Tigard Triangle Land

13015 SW 68th Pkwy, Tigard, OR 97223

Listing Price: $4,500,000

Lot Size
2.73 acres
Price/Acre
$1,648,352
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 2.73 Acres of development land within the Tigard Triangle. The Tigard Triangle is bordered by Pacific Highway 99W to the northwest, Highway 217 to the southwest and Interstate 5 to the east. As of 2017, the city adopted the Tigard Triangle Plan District to encourage new development with less restrictions under zoning designation TMU - Triangle Mixed-Use. Under this designation, allowed uses include office, hospitality, group living, multifamily, residential, office, and commercial with the city's goal for this area to develop as a mixed-use, pedestrian-oriented location. Proposed traffic network implementation indicates additional streets and trails added to the area, including a trail that runs through the subject property. Building height can achieve a maximum of 6 stories at the subject site. Office, hotel and extended stay hotel are the most logical uses and while residential is permitted, access to and traffic noise from Highway 217 may pose an issue.

Investment Highlights

  • West of Triangle Corporate Parks I , II & III - +100,000 SF Class A Office Developed 1997-1999
  • Northwest of Triangle Pointe South - Nearly 100,000 SF Office Developed in 1969
  • South of 83,599 SF Extended Stay America Built in 1998
  • May Qualify as a Qualified Census Tract Location
  • May Qualify as an Opportunity Zone Investment

Exclusively Listed By

Mixed-Use

Tigard Triangle Land

Listing Price: $4,500,000

Lot Size
2.73 acres
Price/Acre
$1,648,352
Land Type
Land

Investment Highlights

  • West of Triangle Corporate Parks I , II & III - +100,000 SF Class A Office Developed 1997-1999
  • Northwest of Triangle Pointe South - Nearly 100,000 SF Office Developed in 1969
  • South of 83,599 SF Extended Stay America Built in 1998
  • May Qualify as a Qualified Census Tract Location
  • May Qualify as an Opportunity Zone Investment

Investment Overview

Marcus & Millichap is pleased to present 2.73 Acres of development land within the Tigard Triangle. The Tigard Triangle is bordered by Pacific Highway 99W to the northwest, Highway 217 to the southwest and Interstate 5 to the east. As of 2017, the city adopted the Tigard Triangle Plan District to encourage new development with less restrictions under zoning designation TMU - Triangle Mixed-Use. Under this designation, allowed uses include office, hospitality, group living, multifamily, residential, office, and commercial with the city's goal for this area to develop as a mixed-use, pedestrian-oriented location. Proposed traffic network implementation indicates additional streets and trails added to the area, including a trail that runs through the subject property. Building height can achieve a maximum of 6 stories at the subject site. Office, hotel and extended stay hotel are the most logical uses and while residential is permitted, access to and traffic noise from Highway 217 may pose an issue.

Exclusively Listed By

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