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For Sale

2625 & 2635 PACIFIC AVE

2625 & 2635 Pacific Ave | Forest Grove, OR 97116

Property Details

Price$1,295,000
Available SF± 3,619
Property Size0.57 Acres

Supporting Documents

Description

  • Two-Tenant Income, Diversified Reset Dates: December 2030 and November 2027 lease renewal dates.
  • Signalized Forest Grove Corner: Signage on a street intersection averaging ± 16,500 VPD.
  • Entitled Redevelopment Optionality: ± 22,365 SF underutilized land on site. Two MD Architect schematic plans on file.
  • Leave-Behind Soft Costs: Ownership already absorbed approx. $96,000 in architectural and engineering work.
  • Recent Capital: Vet building re-roofed approximately 2023. Phase II ESA on file; asbestos sampling negative — no additional Phase I required.
  • Forest Grove Growth Story: ZIP 97116 population up 11.4% (2011–2020). 1-mile average household income $86,354. Washington County retail vacancy 4.7%; Westside Outlying submarket 2.6%.

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