Commercial

Office, Industrial, Mixed-use Land on 99W

20015 SW Pacific Hwy, Sherwood, OR 97140

Listing Price: $1,737,930

Lot Size
2.66 acres
Price/Acre
$653,355
Land Type
Land
Buildable Square Feet
115,862

Investment Overview

Approximately located at 20015 SW Pacific Highway, Sherwood, OR is approximately 115,862 square feet of land, currently zoned industrial commercial. An interested Buyer may apply for a zoning change and annexation of additional land into the city limits for commercial development. The site lends itself at the entry of town just South East from Tualatin and Tigard with easy access to Highway 205 and Interstate-5. The asset is adjacent to a professional office complex. Services in the immediate area also include a gym, dog wash, and more, as well as being across the street from a Home Depot center.

Located along the path to Wine Country as well as its growing demographic, the site lends itself naturally to a hotel development with onsite restaurant as well as other potential developments. H has just come to Sherwood and is in process of developing the citys first hotel, Hampton Inn. A developer would be able to take advantage of a natural path for either local or regional residents as well as tourists wanting to take advantage of Oregons enriched vineyards and scenic landscape. Guests would be a just a short trip to local shopping, food, entertainment and more. The site is also a short distance to Bridgeport Village, a landmark shopping destination, with open-air lifestyle design, distinctive architecture and an ideal mix of 75 stores, the largest Regal Cinema IMAX in the state, and features a dozen sit-down dining restaurants & eateries.

Encouraging of new development(s), the City of Sherwood has shown its support by greatly reducing System Development Charges (SDC) in the area. The city of Sherwood, a steadily growing city situated along SW Pacific Highway (Highway 99W) with an average daily traffic rate of more than 33,000 vehicles, making it well-positioned to become the Gateway to Wine Country. Major national retailers in the area include Wal-Mart, Target, Safeway, Providence Medical Plaza, Home Depot, Walgreens, McDonalds, Kohls, and more. Major arterials include Highway 99W, and SW Tualatin-Sherwood Road.

The area boasts a strong, dense demographic with approximately 76,000 people and an average household income of $93,601 within a 5-mile radius of the site. Stable employment growth and strong operations across the metro are attracting more and more residents and retailers to the area, providing for long term growth and sustainability. Additionally, the City of Sherwood consistently ranks in the top 10 in Money Magazines, Top 50 Places to Live in the United States.

The asset offers a developer an opportunity to acquire an ideally located in the fast growing city of Sherwood, Oregon taking advantage of both the favorable high-income demographics, lack of, strong visibility, and natural location appeal with strong city support.

Investment Highlights

  • Well Located Site with Strong Regional Accessibility and Natural Path to Oregon's "Wi
  • Strong City and Local Support for Development
  • Ideal Area Amenities Including Shopping, Entertainment, and Dining
  • Attractive Demographics with 76,000 plus people and $93,601 Household Income within 5

Exclusively Listed By

Commercial

Office, Industrial, Mixed-use Land on 99W

Listing Price: $1,737,930

Lot Size
2.66 acres
Price/Acre
$653,355
Land Type
Land
Buildable Square Feet
115,862

Investment Highlights

  • Well Located Site with Strong Regional Accessibility and Natural Path to Oregon's "Wi
  • Strong City and Local Support for Development
  • Ideal Area Amenities Including Shopping, Entertainment, and Dining
  • Attractive Demographics with 76,000 plus people and $93,601 Household Income within 5

Investment Overview

Approximately located at 20015 SW Pacific Highway, Sherwood, OR is approximately 115,862 square feet of land, currently zoned industrial commercial. An interested Buyer may apply for a zoning change and annexation of additional land into the city limits for commercial development. The site lends itself at the entry of town just South East from Tualatin and Tigard with easy access to Highway 205 and Interstate-5. The asset is adjacent to a professional office complex. Services in the immediate area also include a gym, dog wash, and more, as well as being across the street from a Home Depot center.

Located along the path to Wine Country as well as its growing demographic, the site lends itself naturally to a hotel development with onsite restaurant as well as other potential developments. H has just come to Sherwood and is in process of developing the citys first hotel, Hampton Inn. A developer would be able to take advantage of a natural path for either local or regional residents as well as tourists wanting to take advantage of Oregons enriched vineyards and scenic landscape. Guests would be a just a short trip to local shopping, food, entertainment and more. The site is also a short distance to Bridgeport Village, a landmark shopping destination, with open-air lifestyle design, distinctive architecture and an ideal mix of 75 stores, the largest Regal Cinema IMAX in the state, and features a dozen sit-down dining restaurants & eateries.

Encouraging of new development(s), the City of Sherwood has shown its support by greatly reducing System Development Charges (SDC) in the area. The city of Sherwood, a steadily growing city situated along SW Pacific Highway (Highway 99W) with an average daily traffic rate of more than 33,000 vehicles, making it well-positioned to become the Gateway to Wine Country. Major national retailers in the area include Wal-Mart, Target, Safeway, Providence Medical Plaza, Home Depot, Walgreens, McDonalds, Kohls, and more. Major arterials include Highway 99W, and SW Tualatin-Sherwood Road.

The area boasts a strong, dense demographic with approximately 76,000 people and an average household income of $93,601 within a 5-mile radius of the site. Stable employment growth and strong operations across the metro are attracting more and more residents and retailers to the area, providing for long term growth and sustainability. Additionally, the City of Sherwood consistently ranks in the top 10 in Money Magazines, Top 50 Places to Live in the United States.

The asset offers a developer an opportunity to acquire an ideally located in the fast growing city of Sherwood, Oregon taking advantage of both the favorable high-income demographics, lack of, strong visibility, and natural location appeal with strong city support.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower