This is development property with an extremely flexible R-12, 3-story Zoned, Mt. Hood view-line opportunity... In fact, it's the last undeveloped parcel with this Zoning or greater density that captures this magnificent view and is just blocks off the core regional arterial State Hwy. 99W in the beautiful, progressive, and economically expanding South Tigard/King City area! (A haven for some 10,000+ seniors & boomers, plus younger professionals). ** Currently the planned "best use" business model is staged to develop a 3-story "Senior Care" build-out for 82-125 Residential Care & Alzheimer/Memory Care occupants. I'm seeking either a direct purchase Buyer or $3.6M Partner to make this $18M development a reality. ** In fact, I have the other $14.4M of the Capital Stack currently committed to, along with the Completed Facility buyer, and a couple of possible Lease-back Facility Operators. Please contact me if you'd like to know more, since I do have an "Executive Brief", "Development Pro Forma", "Financials" and much more available once the NDA is executed. The project has just completed the City's Pre-Application process being readied for a late August formal Land Use Development Application to the City. However, additional options for the property are up to 13 single-family or multifamily homes, be they detached or attached. Town-homes, duplexes, triplexes, etc. are allowed "By Right", and many other options such as Adult Day Care, Religious Institutions, Educational/Training facilities, Social/Fraternal Clubs/Lodges, Medical Centers, etc. are allowed with "Conditional Use" in this diverse and developer-friendly Land Use Zoning opportunity. ** Additionally, the property is located within an exceptional Middle to Upper-middle Class & Income neighborhood of South Tigard... quiet, peaceful, negligable traffic/rail/aviation noise, minimal wind, yet transit and commerce are nearby and readily accessible on foot, by bicycle, scooter, other personal transportation, or via public transportation. See Photo attachments for more on these above and below noted topics. ** The area enjoys long-term affordable and reliable Water, Power, Natural Gas, Public Transit, Public Safety, and other services. ** For development, all utilities (appropriately sized) are at the property frontage. Additionally the site has its construction power and water distribution systems in place, along with the required construction access/egresses (2 each). ** And, for those who have the ability to make swift decisions on great deals... If a Buyer is interested in closing within 30-days of an accepted offer by the Seller, a substantial discount of $50K off the posted sale price is available, thereby making the purchase a bargain at $1.15M. This incentive is to encourage Buyers to avoid procrastinating on this opportunity. And $50K (5% of the sale price) is a great incentive, right? ** A "Letter of Intent" or "Purchase & Sale Agreement" with a reasonable earnest money deposit will also be required to consummate a deal. ** With the Real Estate market in our area being "hot as a skillet", having pent-up demand in an under-served market demographic, this property is a fantastic opportunity. So for those who are a savvy business person this is your opportunity to snag a rare find! Give me a call or shoot me an email. I'm open to partial 1031 exchanges, stock options, and other tax liability deferral options, plus other forms of creative financing that are mutually beneficial to consummating a deal. And, while all offers will be considered, the more serious offers will receive the greatest consideration. ** Please read the additional info below for more detail on this amazing opportunity... your consideration is sincerely appreciated!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
