Residential Development Land
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Terrawood Street, Forest Grove, OR 97116
9.69 acres of R-7 zoned land for residential development.
Property SizeContact for details
Lot Size9.69 Acres
Days on Market792
Property Features for Terrawood Street
General Information
Standard status
Active
Lot size
9.69 Acres
Property subtype
Land
Zoning
R-7
Listing Agency:
Macadam Forbes
(971) 201-8738
Listed By:
Cooper Collins · License #OR 201250793
Source:
Crexi
Added: Jun 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:14AM
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 property, totaling 9.69 acres across two tax lots (6.48 acres and 3.21 acres), is zoned R-7 and located on the border of the city and urban growth boundaries. It offers a development opportunity for residential developers looking to expand the community. Situated in the northwest corner of Forest Grove, just south of the Pacific Crossing Neighborhood, the property runs parallel to the eastern boundary of Forest View Cemetery and Tom McCall Upper Elementary School. The location features views of farmland to the west. Forest Grove is noted as a peaceful, family-friendly area.
Key Highlights
- Development Opportunity: Zoned R‑7 and located on the border of the City and urban growth boundaries, ideal for residential development.
- Sizeable Acreage: Totaling 9.69 acres across two tax lots.
- Growing Community: Located in Forest Grove, a rapidly expanding community.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 97116, OR
29,351
Population
10,229
Households
2.9
Avg Household Size
36
Median Age
33%
College-Educated
90%
High-School Grad
82.1 sq mi
ZIP Area
358
Density / Sq Mi
$87,308
Median Household Income
$42,330
Median Earnings
$1,397
Median Rent
$479,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 9.69 acres of R-7 zoned land for residential development.
Where is this residential land & home lot located?
The property is located at Terrawood Street Forest Grove, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Development Opportunity: Zoned R‑7 and located on the border of the City and urban growth boundaries, ideal for residential development.; Sizeable Acreage: Totaling 9.69 acres across two tax lots.; Growing Community: Located in Forest Grove, a rapidly expanding community.
