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3127 Pacific Ave 1.54 Acres of Commercial Land Offered at $1,677,000 in Forest Grove, OR 97116

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INVESTMENT HIGHLIGHTS

On arterial with high traffic counts and Visibility. Proximity to Hwy 47 / TV Hwy.

Easy access from to residential / multifamily developments and community businesses including local tourist hospitality venues.

EXECUTIVE SUMMARY

PRICED REDUCED
Prime Owner/User or Site Developer For: Retail, Services, Fast Food, Office, Medical and/or other Commercial Uses. Including Mixed Use and Multifamily.

3127 Pacific Ave flyer 092523

PROPERTY FACTS Under Contract

Price	$1,677,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units - Senior Auto Dealership Bank Convenience Store Daycare Center Department Store Drugstore Fast Food Garden Center General Freestanding Healthcare Hold For Development Hold For Investment Hotel Medical Motel Restaurant Self Storage Service Station Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket
Sale Condition	Redevelopment Project	Total Lot Size	1.54 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	Community Commercial

Price	$1,677,000
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units - Senior Auto Dealership Bank Convenience Store Daycare Center Department Store Drugstore Fast Food Garden Center General Freestanding Healthcare Hold For Development Hold For Investment Hotel Medical Motel Restaurant Self Storage Service Station Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket
Total Lot Size	1.54 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Community Commercial

1 LOT AVAILABLE

Lot TL 4500

Price	$1,677,000	Lot Size	1.54 AC
Price Per AC	$1,088,968.11

Price	$1,677,000
Price Per AC	$1,088,968.11
Lot Size	1.54 AC

130+/- lineal frontage on Pacific Ave. Redevelopment opportunity near Hwy 47 with high traffic counts and visibility.

DESCRIPTION

Currently Automotive Repair w/approx 8000 +/- building on a portion of the tax lot.

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Walk Score®

Very Walkable (78)

Bike Score®

Very Bikeable (81)

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PROPERTY TAXES

Parcel Number	R0749649	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$645,260

PROPERTY TAXES

Parcel Number

R0749649

Land Assessment

Improvements Assessment

Total Assessment

$645,260

(503) 546-4527

CONTACT

Don Drake
Melvin Mark Brokerage Company

Listing ID: 24998838
Date on Market: 2/6/2022
Last Updated:
Address: 3127 Pacific Ave, Forest Grove, OR 97116

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