Forest Grove Mixed-Use Pad FOR SALE


Forest Grove, OR
$1,295,000 USD
503-507-4880
, Forest Grove, OR for Sale
$1,295,000 USD
FOR SALE
1/7
null | 5.13% Cap Rate

Forest Grove Mixed-Use Pad
Forest Grove, OR


HIGHLIGHTS

  • Two freestanding buildings
  • 100% occupied
  • 101' frontage on Pacific Ave (Hwy 8)

OVERVIEW

STABILIZED TWO TENANT INVESTMENT ON ± 0.57 AC AT SIGNALIZED CORNER • Two-Tenant Income, Diversified Reset Dates December 2030 and November 2027 lease renewal dates. • Signalized Forest Grove Corner Signage on a street intersection averaging ± 16,500 VPD. • Entitled Redevelopment Optionality: ± 22,365 SF underutilized land on site. Two MD Architect schematic plans on file. • Leave-Behind Soft Costs Ownership already absorbed approx. $96,000 in architectural and engineering work. • Recent Capital Vet building re-roofed approximately 2023. Phase II ESA on file; asbestos sampling negative — no additional Phase I required. • Forest Grove Growth Story ZIP 97116 population up 11.4% (2011–2020). 1-mile average household income $86,354. Washington County retail vacancy 4.7%; Westside Outlying submarket 2.6%.

ASK ABOUT THIS PROPERTY

Matt LymanNorris & Stevens, Inc.More Info
503-507-4880

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Matt LymanNorris & Stevens, Inc.More Info
503-507-4880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.