20508 Roy Rogers Rd Sherwood, OR 97140
- Retail properties
Current Use by Public Records
- Casa of Oregon / Non-Profit Organization
- Nisreen Malik / Chiropractor
- Sherwood Family Chiropractic Clinic / Chiropractor / Massage Therapist
- The Meadowlark Mercantile / Store
Property Details for 20508 Roy Rogers Rd
- Year built
- 2006
- Property type
- Retail properties
Description
This exceptional 2,000-square-foot retail condominium, located in Sherwood's rapidly expanding Hunters Ridge submarket, presents a unique investment opportunity. Built in 2006, this Class B property is part of a two-building complex featuring four stories. The retail space occupies the first floor, offering convenient access and high visibility. The unit boasts its own HVAC system, ensuring climate control year-round. The layout is open and versatile, currently configured with four to five rooms, previously used as an eyeglass/optometry practice. The property includes 60 total parking spaces, shared between commercial tenants and residents of the upper three floors of residential condos. Power is supplied by a 220 VAC system, and an elevator is available for convenient access. The property is zoned C-2, allowing for a variety of retail uses. Situated near the intersection of Roy Rogers, this location benefits from excellent visibility and accessibility. The Sherwood area, specifically the development stretching from Highway 99 North to the Tualatin Valley Highway in Hillsboro, is experiencing significant growth, with plans for 10,000 new homes, townhomes, condos, and apartments. This presents a compelling opportunity to capitalize on the increasing demand for retail services in this thriving community, with limited commercial space to serve the burgeoning residential population.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sherwood
- County
- Washington
- State
- Oregon
- Longitude
- -122.846
- Latitude
- 45.3718
