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- LoopNet Team
1117 Elm St
Forest Grove, OR 97116
Elm Street Development Opportunity · Land For Sale
·
0.78 AC
INVESTMENT HIGHLIGHTS
- Zoned For Middle Housing - Flexible Options
- Level Land - easy to Develop
- Forest Grove is a University Town with Great Upside on the way to the Oregon Coast
- All Services Nearby
- Classic Home on Property would make a good rental, office, or income producer.
- Located just off Highway 47 in Sunny Southern section of town
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.78 AC |
| Zoning | Residential - Mixed Use - The zoning will allow SFR, Multi Family, with Townhomes being the best target. Land could easily support 14-18 units. | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.78 AC |
| Zoning | Residential - Mixed Use - The zoning will allow SFR, Multi Family, with Townhomes being the best target. Land could easily support 14-18 units. |
DESCRIPTION
Large turn of the Century farmhouse (1900) on .78 Acres of RMLS development zone. Residential Multifamily Land can support as many units as you can design to fit! 409 x 90 Approximate lot size. Level with all utilities & located just off HWY 47. This site is best for redevelopment but can also be a site where the home can be preserved & great infill options explored! It is a great money-maker for the right developer. 12-15 Units seem to fit nicely on the land. Middle Housing Options abound. Call Dirk Knudsen at -503-799-8383 for a discussion about all the options!
