3127 Pacific Ave, Forest Grove, OR 97116-1802
This exceptional 1.54-acre commercial land parcel presents a remarkable investment opportunity in the thriving Forest Grove, Oregon market. Located at 3127 Pacific Avenue, this property boasts 130+ feet of frontage, providing excellent visibility and accessibility. Zoned for Community Commercial use, the site allows for a diverse range of development options, including retail, commercial lodging, fast food establishments, office space, medical facilities, and mixed-use or multifamily projects. The land is priced at $1,677,000, or $25 per square foot, reflecting its prime location and development potential. Forest Grove, a rapidly growing community just 30 minutes southwest of Portland, benefits from its proximity to major employment centers in Hillsboro and Beaverton, while maintaining a desirable rural suburban atmosphere. The area's robust growth, exceeding typical demographic projections, is driven by high demand and limited land availability. This presents a unique chance to capitalize on the ongoing expansion of Forest Grove and its surrounding agricultural and wine communities. The property's versatility and strategic location make it an ideal site for owner-users or developers seeking to establish a presence in this dynamic market. The Washington County location and 97116 zip code further enhance its appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Forest Grove, ORForest Grove. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.