23620-23888 SW Pacific Highway, Sherwood, OR

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Address: 23620 SW Pacific Hwy, Sherwood, OR 97140, USA
Seattle & Northwest + Land/Development
Created date: July 30, 2026
Date last updated: September 28, 2026
Price: $4,356,000Investment Analyzer NEW!
  • 7.23 gross acres | 4.0 usable acres | combined sale only
  • 1,300 linear feet of contiguous Highway 99W frontage
  • Two adjacent parcels offered as a single transaction
  • Active annexation proceedings with City of Sherwood
  • Office Commercial designation upon annexation; General Commercial zone change supportable
  • $29 million pedestrian bridge completed August 2025 -- the only inverted arch pedestrian bridge in the United States -- directly connecting Oregon's largest high school and the Sherwood Family YMCA to this corridor
  • Oregon's largest high school directly across 99W -- approximately 2,500 students, 350,000 SF
  • Brookman Sanitary Sewer Trunk Main under active construction with recorded easement on Parcel 2
  • City water confirmed at property boundary
  • Four total access points across both parcels
  • 36,994 vehicles per day at northern end of corridor
  • CoStar Location Score: 93 (Best Location)
  • $113,166 current annual representable income offsets buyer carry
  • Median household income $135,959 within 1 mile | 87% owner-occupied
  • Southern commercial gateway to Sherwood West -- 1,291-acre urban reserve
  • Goose Creek riparian tract to be isolated via lot line adjustment concurrent with annexation
  • Buyer pre-application conferences recommended with City of Sherwood, ODOT, and Clean Water Services prior to close

Property Description

Two adjacent parcels, totaling 7.23 gross acres on Highway 99W in Sherwood, Oregon, are offered as a single transaction. Both parcels are currently unincorporated Washington County land undergoing active annexation proceedings. Upon annexation, the default city designation will be Office Commercial, a zone permitting multi-family residential above ground-floor commercial, retail, restaurants, offices, and health clubs. The City of Sherwood is open to considering a zone change argument for General Commercial or other commercial designations, with the final determination resting with the city council and the application narrative. The properties are strategically located 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.
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Broker Details

Rich Karlson | Partner
Rich Karlson | Partner

Tradition Real Estate Partners 503-804-4653

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $4,356,000
Lot Size: 7.23 Acres
Opportunity Zone: No
Property Website Click Here
Address: 23620-23888 SW Pacific Highway, Sherwood, OR, Sherwood, OR 97140, USA
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