Commercial Land Near High
For Sale
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23620-23888 SW Pacific Highway, Sherwood, OR 97140
Two adjacent parcels are undergoing annexation with an anticipated Office Commercial designation.
Property SizeContact for details
Days on Market16
Property Features for 23620-23888 SW Pacific Highway
General Information
Standard status
Active
Property subtype
Land
Zoning
Office Commercial
Net Operating Income
$113,166
Listing Agency:
Tradition Real Estate Partners
(503) 559-9279
Listed By:
Rich Karlson · License #OR 201222799
Source:
Crexi
Added: Aug 5
Changed: Aug 17
Last Checked: Aug 19 at 2:46PM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
This offering combines two adjacent parcels totaling 7.23 gross acres along Highway 99W in Sherwood, Oregon. The land is currently unincorporated Washington County property and is in active annexation proceedings. Following annexation, the anticipated city designation is Office Commercial, which permits multifamily residential above ground-floor commercial, retail, restaurants, offices, and health clubs. The City of Sherwood may also consider an application for General Commercial or another commercial designation, subject to city council review and the application narrative.
The site occupies a commercial gateway position along the Highway 99W corridor, directly across from Oregon's largest high school and next to Middleton Elementary. A pedestrian bridge completed in August 2025 connects the school and Sherwood Family YMCA with the east side of 99W. Highway 99W carries 36,994 VPD and links commuter traffic from Yamhill County with Oregon Coast tourism through the Highway 18/99W merge east of Newberg.
The site occupies a commercial gateway position along the Highway 99W corridor, directly across from Oregon's largest high school and next to Middleton Elementary. A pedestrian bridge completed in August 2025 connects the school and Sherwood Family YMCA with the east side of 99W. Highway 99W carries 36,994 VPD and links commuter traffic from Yamhill County with Oregon Coast tourism through the Highway 18/99W merge east of Newberg.
Key Highlights
- 7.23 gross acres across two adjacent parcels
- Highway 99W frontage in Sherwood, Oregon
- Active annexation proceedings in unincorporated Washington County
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjacent parcels are undergoing annexation with an anticipated Office Commercial designation.
Where is this commercial land located?
The property is located at 23620-23888 SW Pacific Highway Sherwood, OR.
What is the asking price?
The asking price for this property is $4,356,000.
What are key features of this property?
This property features: 7.23 gross acres across two adjacent parcels; Highway 99W frontage in Sherwood, Oregon; Active annexation proceedings in unincorporated Washington County
