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1021 Elm St 0.98 Acres of Commercial Land Offered at $1,068,000 in Forest Grove, OR 97116

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INVESTMENT HIGHLIGHTS

Hwy 47 frontage

Redevelopment opportunity

EXECUTIVE SUMMARY

Redevelopment opportunity on hard commercial corner on Hwy 47 with high traffic counts and visibility. 4 tax lots totaling .98 acres(42,680sf) at the corner of TV Hwy (Hwy 47) and Elm St. 419 lineal feet of frontage on Hwy. to be purchased as a whole.
Commercial Community Zoning allows Lodging, Retail Services, QSR, Fast Food, Gas Station, Office, Mixed Use, Multifamily

Elm St Tax Map 1021 Elm

1021_Elm St Flyer_061725

PROPERTY FACTS

Price	$1,068,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Auto Dealership Auto Repair Carwash Fast Food Garden Center Motel Restaurant Supermarket
No. Lots	1	Total Lot Size	0.98 AC
Zoning	CC - Community Commercial

Price	$1,068,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Auto Dealership Auto Repair Carwash Fast Food Garden Center Motel Restaurant Supermarket
Total Lot Size	0.98 AC
Zoning	CC - Community Commercial

1 LOT AVAILABLE

Lot

Price	$1,068,000	Lot Size	0.98 AC
Price Per AC	$1,089,795.92

Price	$1,068,000
Price Per AC	$1,089,795.92
Lot Size	0.98 AC

4 tax lots totaling .98 acres at the corner of TV Hwy (Hwy 47) and Elm St. 419 lineal feet of frontage on Hwy. to be purchased as a whole. Commercial Community Zoning allows Lodging, Retail Services, QSR, Fast Food, Gas Station, Office, Mixed Use,

DESCRIPTION

Located at the south end of Forest Grove near the industrial employment center with easy access to transit, hospitality, restaurants, retail shopping, Pacific University, and residential neighborhoods.

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PROPERTY TAXES

Parcel Numbers	Multiple R0429343 R0429325 R0429334 R0429352	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$273,620

PROPERTY TAXES

Parcel Numbers

Multiple

R0429343
R0429325
R0429334
R0429352

Land Assessment

Improvements Assessment

Total Assessment

$273,620

(503) 546-4527

CONTACT

Don Drake
Melvin Mark Companies

Listing ID: 28411612
Date on Market: 5/5/2023
Last Updated:
Address: 1021 Elm St, Forest Grove, OR 97116

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1021 Elm St, Forest Grove, OR for sale Building Photo- Image 1 of 6 — DJI_0384_w line

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1021 Elm St, Forest Grove, OR for sale Building Photo- Image 5 of 6 — DJI_0380_w line

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