Pacific Hwy Tigard, OR 97223

Property Details for 0 Pacific Hwy

Lot size

1.91 lot acres

Property type

Land

Description

This exceptional 1.91-acre commercial and residential land parcel presents a unique redevelopment opportunity in Tigard, Oregon. Strategically located at the intersection of Highway 99W and SW Hall Boulevard, this property boasts high visibility and accessibility, with over 40,000 average daily traffic counts. Its proximity to Highway 217 and just 1.3 miles from Interstate 5 ensures excellent connectivity. The site benefits from its location within several designated zones, including an Opportunity Zone, Enterprise Zone, and Vertical Housing Development Zone, offering potential tax advantages and development incentives. The property is part of the Pacific Highway Gateway subdistrict within the Downtown Tigard Reimagined Project. Numerous big-box retailers, including Costco, WinCo, Walmart, and Lowe's, are located within close proximity, creating a strong retail environment. Public transportation is readily available via TriMet bus line 12 and the WES commuter train, enhancing accessibility for employees and residents. This site is ideal for the development of commercial buildings, residential units, or a mixed-use project, offering significant potential for investors and developers. An adjacent 2.69-acre lot is also available for purchase, presenting the possibility of acquiring a larger contiguous parcel. The asking price for this exceptional property is $3,600,000. The property's address is SW Pacific Hwy, Tigard, OR 97223.