23620-23888 SW Pacific Hwy - Goose Creek Development Opportunity 7.23 Acres of Commercial Land Offered at $6,043,515 CAD in Sherwood, OR 97140

NEW TO MARKET! SHERWOOD, OREGON
Carry-offset income. $113,166 in current representable annual income reduces effective holding cost during entitlement.
1,300 linear feet of contiguous Highway 99W frontage, in process of annexation, with sewer infrastructure under active construction and income offsetting the carry. This is a commercial corridor position that is rarely assembled in the Portland metropolitan area – and it will not be available again at this basis once entitlement is complete.
Two adjacent parcels totaling 7.23 gross acres on Highway 99W in Sherwood, Oregon, offered as a single transaction. Both parcels are currently unincorporated Washington County land in active annexation proceedings. Upon annexation, the default city designation is Office Commercial – a zone that permits multi-family residential above ground-floor commercial, retail, restaurants, offices, and health clubs. The City of Sherwood has expressed openness to a zone change argument to General Commercial or other
commercial designation; the final determination rests with city council and the application narrative.
The properties sit at the commercial gateway to Sherwood West – Washington County's largest planned urban expansion – directly across 99W from Oregon's largest high school. The only inverted arch pedestrian bridge in the United States, a $29 million city investment completed August 2025, now connects the school and the Sherwood Family YMCA directly to the east side of 99W.