For Sale
$1,677,000

3127 Pacific AveForest Grove, OR 97116

1.54 Acres, High-Growth Area, $1.67M

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional 1.54-acre commercial land parcel presents a remarkable investment opportunity in the thriving Forest Grove, Oregon market. Located at 3127 Pacific Avenue, this property boasts 130+ feet of frontage, providing excellent visibility and accessibility. Zoned for Community Commercial use, the site allows for a diverse range of development options, including retail, commercial lodging, fast food establishments, office space, medical facilities, and mixed-use or multifamily projects. The land is priced at $1,677,000, or $25 per square foot, reflecting its prime location and development potential. Forest Grove, a rapidly growing community just 30 minutes southwest of Portland, benefits from its proximity to major employment centers in Hillsboro and Beaverton, while maintaining a desirable rural suburban atmosphere. The area's robust growth, exceeding typical demographic projections, is driven by high demand and limited land availability. This presents a unique chance to capitalize on the ongoing expansion of Forest Grove and its surrounding agricultural and wine communities. The property's versatility and strategic location make it an ideal site for owner-users or developers seeking to establish a presence in this dynamic market. The Washington County location and 97116 zip code further enhance its appeal.

Highlights

  • New development site ideal for owner-user or developer.
  • Development opportunity suitable for retail, commercial lodging, fast food, office, and medical uses, including mixed-use and multifamily projects.
  • 130+/- feet of frontage on Pacific Avenue.

Property Details for 3127 Pacific Ave

Property type
Land
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Forest Grove
County
Washington
State
Oregon
Latitude
45.5206154
Longitude
-123.091595
3127 Pacific Ave, Forest Grove, Oregon

FAQs

What type of property is this?
Land - 1.54 Acres, High-Growth Area, $1.67M
Where is the land located?
The property is located at 3127 Pacific Ave Forest Grove, OR.
What is the asking price?
The asking price for this property is $1,677,000.
What are key features of this property?
This property features: New development site ideal for owner-user or developer.; Development opportunity suitable for retail, commercial lodging, fast food, office, and medical uses, including mixed-use and multifamily projects.; 130+/- feet of frontage on Pacific Avenue.
How can I contact the broker?
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3127 Pacific Ave
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