1021 Elm St 0.98 Acres of Commercial Land Offered at $1,068,000 in Forest Grove, OR 97116

INVESTMENT HIGHLIGHTS

  • Hwy 47 frontage
  • Redevelopment opportunity

EXECUTIVE SUMMARY

Redevelopment opportunity on hard commercial corner on Hwy 47 with high traffic counts and visibility. 4 tax lots totaling .98 acres(42,680sf) at the corner of TV Hwy (Hwy 47) and Elm St. 419 lineal feet of frontage on Hwy. to be purchased as a whole.
Commercial Community Zoning allows Lodging, Retail Services, QSR, Fast Food, Gas Station, Office, Mixed Use, Multifamily

ATTACHMENTS

1021_Elm St Flyer_062723
Elm St Tax Map 1021 Elm

PROPERTY FACTS

Price $1,068,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Auto Dealership
  • Auto Repair
  • Carwash
  • Fast Food
  • Garden Center
  • Motel
  • Restaurant
  • Supermarket
Total Lot Size 0.98 AC
Zoning CC - Community Commercial

1 LOT AVAILABLE

Lot

Price $1,068,000
Price Per AC $1,089,795.92
Lot Size 0.98 AC

4 tax lots totaling .98 acres at the corner of TV Hwy (Hwy 47) and Elm St. 419 lineal feet of frontage on Hwy. to be purchased as a whole. Commercial Community Zoning allows Lodging, Retail Services, QSR, Fast Food, Gas Station, Office, Mixed Use,

DESCRIPTION

Located at the south end of Forest Grove near the industrial employment center with easy access to transit, hospitality, restaurants, retail shopping, Pacific University, and residential neighborhoods.

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • R0429343
  • R0429325
  • R0429352
  • R0429334
 Improvements Assessment $0
Land Assessment $0 Total Assessment $273,620

CONTACT

  • Don Drake
    Don Drake

  • Listing ID: 28411612

  • Date on Market: 5/5/2023

  • Last Updated:

  • Address: 1021 Elm St, Forest Grove, OR 97116