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14187 SW 100th Ave - Venus Heights 60KSF Senior Care Facility site
1.14 Acres of Commercial Land Offered at $1,300,000 in Tigard, OR 97224
Investment Highlights
- Current utilities along the frontage street (SW 100th Avenue) are properly sized for a complete build-out!
- It's a Middle-to-Upper-Middle-Income neighborhood in a progressive, economically & demographically diverse area, plus an extensive commerce corridor!
- The property is safe harbor with lots of upside and seller has done most, if not all, of the initial due diligence.
- The spectacular Mt. Hood and Cascade Foothills view-line!
- Total Solar Exposure and a perfect site for a LEED or other type of "Green" or "Sustainable" Features land development and build-out!
Executive Summary
* This is an extremely flexible "Res-D" Zoned parcel with a Mt. Hood view-line... The last undeveloped parcel with this Zoning (or greater density) that captures this magnificent view along State Hwy. 99W in the beautiful, progressive, and economically expanding South Tigard/King City area of SW Portland, Oregon! (A haven for some 10,000+ seniors & baby boomers).
* Currently the planned business model and approvals are staged to develop a 3-story "Senior Care" or "Rehabilitative Care" build-out for 82-125 Residential Care & Alzheimer/Memory Care occupants. Seller is seeking either a direct land purchase Buyer or also offers a direct land purchase + JV option to facilitate the necessary development activities to make this exceptional development opportunity a reality.
* Seller has an "Executive Brief", "Pro Forma", 'Financials", and much more readily available. With the City's Pre-application process completed, it's poised for formal Land Use Application.
* The property is safe harbor with lots of upside and seller has done most, if not all, of the initial due diligence.
* At 320' elevation this property has no known hazards such as landslide, flood, hurricane/tornado, drought, tsunami, or contaminated soil
* GPS Coordinates are: Latitude 45.417395 & Longitude -122.781119
* What's to love most about the location is its LOCATION! Including the view-line of Mt. Hood and the fact that the property sits just 5-blocks from State Hwy. 99W arterial, 2 miles from Portland city limits, 3/4 mile from I-5 freeway, in a Middle-to-Upper-Class & Income area, within City Limits of Tigard (more specifically South Tigard), with all utilities at the property frontage, and it's ADA accessible between the site, its planned structure(s), and the State Hwy. 99W arterial.
* This South Tigard neighborhood setting is quiet & peaceful, with virtually no traffic/rail or aviation noise, minimal wind, yet transit and commerce are nearby and readily accessible on foot or by bicycle, scooter, golf cart/EV, other personal transportation, or via public transportation. See Photo attachments for more on these above and below noted topics.
* The area also enjoys long-term affordable and reliable Water, Power, Natural Gas, Public Transit, Public Safety, and other services.
* Buyer to perform all needed due diligence prior to closing.
Property Facts
1 Lot Available
Lot 00500
| Price | $1,300,000 | Lot Size | 1.14 AC |
| Price Per AC | $1,140,351 |
| Price | $1,300,000 |
| Price Per AC | $1,140,351 |
| Lot Size | 1.14 AC |
Gentle slope to frontage, all utilities at curb, currently zoned for Med-High Density, Residential/Commercial , 3-story (35'), Independent Living, Residential/Memory Care, Rehabilitation, Medical, Group Living, Adult Foster Care, CCRC and more!
Description
167.48' x 295.15' Raw Land with an Existing residence that may or may not be a part of a future development. The property is about the size of a football or soccer field. See Aerial photo provided, along with other photos, documents and narrative. The property, on a knoll, gently slopes to the northeast and city street frontage. Great drainage, with no sump or other type drainage pumps required to accommodate a full property development. A comprehensive Electrical distribution and potable water system exists throughout the currently secured property.
zoning
| Zoning Code | R-12, 3-story/35 ft (This R-12 Zoning is the most flexible Residential & Commercial Zoning within the City of Tigard. I'm readied to send you the specifics upon request.) |
| R-12, 3-story/35 ft (This R-12 Zoning is the most flexible Residential & Commercial Zoning within the City of Tigard. I'm readied to send you the specifics upon request.) |
Presented by
Rob Ruedy
14187 SW 100th Ave - Venus Heights 60KSF Senior Care Facility site
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