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23888 SW Pacific Hwy
Sherwood, OR 97140
Goose Creek-Rare Development Opportunity · Retail Property For Sale
·
8,776 SF Total
Investment Highlights
- 1,300 Linear Feet of contiguous 99W frontage
- Sewer connection under construction - City Water at the property line
- Completed Pedestrian Infrastructure
- Annexation in process
- Carry-Offset Income
Executive Summary
NEW TO MARKET! SHERWOOD, OREGON
Carry-offset income. $113,166 in current representable annual income reduces effective holding cost during entitlement.
1,300 linear feet of contiguous Highway 99W frontage, in process of annexation, with sewer infrastructure under active construction and income offsetting the carry. This is a commercial corridor position that is rarely assembled in the Portland metropolitan area – and it will not be available again at this basis once entitlement is complete.
Two adjacent parcels totaling 7.23 gross acres on Highway 99W in Sherwood, Oregon, offered as a single transaction. Both parcels are currently unincorporated Washington County land in active annexation proceedings. Upon annexation, the default city designation is Office Commercial – a zone that permits multi-family residential above ground-floor commercial, retail, restaurants, offices, and health clubs. The City of Sherwood has expressed openness to a zone change argument to General Commercial or other
commercial designation; the final determination rests with city council and the application narrative.
The properties sit at the commercial gateway to Sherwood West – Washington County's largest planned urban expansion – directly across 99W from Oregon's largest high school. The only inverted arch pedestrian bridge in the United States, a $29 million city investment completed August 2025, now connects the school and the Sherwood Family YMCA directly to the east side of 99W.
Carry-offset income. $113,166 in current representable annual income reduces effective holding cost during entitlement.
1,300 linear feet of contiguous Highway 99W frontage, in process of annexation, with sewer infrastructure under active construction and income offsetting the carry. This is a commercial corridor position that is rarely assembled in the Portland metropolitan area – and it will not be available again at this basis once entitlement is complete.
Two adjacent parcels totaling 7.23 gross acres on Highway 99W in Sherwood, Oregon, offered as a single transaction. Both parcels are currently unincorporated Washington County land in active annexation proceedings. Upon annexation, the default city designation is Office Commercial – a zone that permits multi-family residential above ground-floor commercial, retail, restaurants, offices, and health clubs. The City of Sherwood has expressed openness to a zone change argument to General Commercial or other
commercial designation; the final determination rests with city council and the application narrative.
The properties sit at the commercial gateway to Sherwood West – Washington County's largest planned urban expansion – directly across 99W from Oregon's largest high school. The only inverted arch pedestrian bridge in the United States, a $29 million city investment completed August 2025, now connects the school and the Sherwood Family YMCA directly to the east side of 99W.
Property Facts
| Price / SF | $496.35 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 8,776 SF |
| Status | Active | Total Land Area | 4.09 AC |
| Number of Properties | 2 |
| Price / SF | $496.35 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,776 SF |
| Total Land Area | 4.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 23888 SW Pacific Hwy, Sherwood, OR 97140 | Retail | 8,776 SF | 1930 | - |
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