0 Pacific HwyTigard, OR 97223

For Sale
$3,600,000

Prime Tigard location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 1.91-acre commercial and residential land parcel presents a unique redevelopment opportunity in Tigard, Oregon. Strategically located at the intersection of Highway 99W and SW Hall Boulevard, this property boasts high visibility and accessibility, with over 40,000 average daily traffic counts. Its proximity to Highway 217 and just 1.3 miles from Interstate 5 ensures excellent connectivity. The site benefits from its location within several designated zones, including an Opportunity Zone, Enterprise Zone, and Vertical Housing Development Zone, offering potential tax advantages and development incentives. The property is part of the Pacific Highway Gateway subdistrict within the Downtown Tigard Reimagined Project. Numerous big-box retailers, including Costco, WinCo, Walmart, and Lowe's, are located within close proximity, creating a strong retail environment. Public transportation is readily available via TriMet bus line 12 and the WES commuter train, enhancing accessibility for employees and residents. This site is ideal for the development of commercial buildings, residential units, or a mixed-use project, offering significant potential for investors and developers. An adjacent 2.69-acre lot is also available for purchase, presenting the possibility of acquiring a larger contiguous parcel. The asking price for this exceptional property is $3,600,000. The property's address is SW Pacific Hwy, Tigard, OR 97223.

Highlights

  • 1.91-acre commercial and residential land parcel at the high-traffic intersection of Hwy 99W and SW Hall Blvd in Tigard, OR, offering redevelopment potential for commercial, residential, or mixed-use projects.
  • Adjacent 2.69-acre lot available for purchase, allowing for acquisition of a larger contiguous parcel.
  • High visibility and accessibility with over 40,000 average daily traffic counts, close proximity to Hwy 217 and I-5.
  • Located in an Opportunity Zone, Enterprise Zone, and Vertical Housing Development Zone, providing potential tax advantages and development incentives.
  • Part of the Pacific Highway Gateway subdistrict within the Downtown Tigard Reimagined Project, near major retailers like Costco, WinCo, Walmart, and Lowe's.

Property Details for 0 Pacific Hwy

Property type
Other land, Land
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Tigard
County
Washington
State
Oregon
Latitude
45.432975898445
Longitude
-122.76476781129
Pacific Hwy, Tigard, Oregon

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0 Pacific Hwy
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