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SW 72nd Ave
Tigard, OR 97223
Tigard Triangle Land · Land For Sale · 8.14 AC

Executive Summary

Sales price of $7,160,000 includes additional easement of 1.63 level acres for 5/1000 sf parking for office development on the subject property. The 8.14 ac can be purchased without the parking easement, if a lesser parking ratio is allowed for residential development, for $5,829,000.00. Property sales comp update. Property at the NEC of SW 72 and Dartmouth now closed at approximately $ 40/sf last year and now under construction. A buyer should verify the actual final sales price of that land sale with an appraiser.

Property Facts Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
Total Lot Size 8.14 AC
Opportunity Zone Yes
Zoning TMU

1 Lot Available

Lot

Price $5,829,000
Price Per AC $716,093.37
Lot Size 8.14 AC

If not needed for development on the subject property, the price was reduced to $ 5,829,000 by not including the additional parking easement on 1.63 acres , which is off site but adjacent and relatively level land with a value of $ 1,351,000.00.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R0284864
  • R0284686
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,345,370
  • Listing ID: 21960739

  • Date on Market: 1/12/2021

  • Last Updated:

  • Address: SW 72nd Ave, Tigard, OR 97223

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