Entitled Multifamily Development
For Sale
$1,100,000
119 N Pacific, Woodburn, OR 97071
35-unit multifamily development opportunity in Woodburn with approved permits.
Property SizeContact for details
Days on Market456
Property Features for 119 N Pacific
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$6,732
Listing Agency:
SMI COMMERCIAL REAL ESTATE LLC
(541) 646-0650
Listed By:
JORDAN SPARKS · License #200610098
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMI COMMERCIAL REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This is a fully entitled 35-unit multifamily development opportunity located in Woodburn. The modern design is provided by Studio 3 Architecture. The project comprises a mix of 18 two-bedroom, one-bathroom units and 17 three-bedroom, two-bathroom units. It has ODOT approved approach with bond paid and transferred to buyer at closing. Foundation and grading permits are approved, providing the ability to break ground upon closing. Vertical building permits have been applied for while excavation and site prep work is being completed. Woodburn's population is projected to grow approximately 30% by 2030 due to an increased workforce spurred by Amazon's new fulfillment center. MUV zoning and over 220 feet of Highway 99 frontage provide high visibility and traffic count, creating a multitude of alternative commercial development opportunities.
Key Highlights
- Fully entitled 35‑unit multi‑family development opportunity.
- Foundation and Grading permits approved, allowing immediate groundbreaking.
- ODOT approved approach with bond paid and transferred at closing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 35-unit multifamily development opportunity in Woodburn with approved permits.
Where is this apartment building located?
The property is located at 119 N Pacific Woodburn, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully entitled 35‑unit multi‑family development opportunity.; Foundation and Grading permits approved, allowing immediate groundbreaking.; ODOT approved approach with bond paid and transferred at closing.
