Tigard Development Site in Opportunity
For Sale
$2,750,000
12390 Southwest Knoll Drive, Tigard, OR 97223
Planned 182-unit workforce housing site near future light rail.
Property Size113,934 SF
Lot Size2.62 Acres
Price / SF$22.28
Days on Market165
Property Features for 12390 Southwest Knoll Drive
General Information
Standard status
Active
Size
113,934 SF
Lot size
2.62 Acres
Property subtype
Multifamily
Zoning
Station Area MU
Building Details
Building Size
113,934 SF
Listing Agency:
Macadam Forbes
Listed By:
Skip Rotticci, CCIM · License #OR #200204348
(503) 314-0527
Source:
Macadamforbes
Added: Mar 26
Changed: Sep 4
Last Checked: Sep 5 at 5:18AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This site is planned for a 182-unit workforce housing development and is located in Tigard's Qualified Opportunity Zone. The property, with a size of 113934 square feet, is within walking distance of Main Street and the Westside Commuter Rail. It is also adjacent to a future light rail station. The proposed Knoll Apartments at 12390 SW Knoll Drive in Tigard, Oregon, are designed to offer modern living in a serene suburban setting. The Knoll Apartment site is located in a Qualified Opportunity Zone, potentially allowing substantial tax benefits to the developer. The development will feature contemporary architecture, blending with the surrounding landscape of well-maintained streets and green spaces. A variety of floor plans are anticipated, catering to different lifestyles, from studios to multi-bedroom units. These residences are expected to offer open-concept layouts, abundant natural light, and thoughtfully designed interiors featuring modern fixtures and finishes. Residents can look forward to amenities designed to enhance their lifestyle, such as a community clubhouse or gathering space for social events, and an extensive outdoor plaza. The apartments' location is likely to offer convenient access to shopping centers, dining options, entertainment venues, and outdoor recreational areas. Residents may also benefit from proximity to major transportation routes, providing easy commuting options.
Key Highlights
- Located in a Qualified Opportunity Zone, offering substantial tax benefits to the developer.
- Planned 182‑unit workforce housing development site.
- Adjacent to future Tigard Light Rail Station and walking distance to the current WES Commuter Rail Station.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Explore this area
Business Placement
Demographics for 97223, OR
49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Planned 182-unit workforce housing site near future light rail.
Where is this commercial land located?
The property is located at 12390 Southwest Knoll Drive Tigard, OR.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone, offering substantial tax benefits to the developer.; Planned 182‑unit workforce housing development site.; Adjacent to future Tigard Light Rail Station and walking distance to the current WES Commuter Rail Station.
