Goose Creek Development Opportunity

The subject property sits at 23620-23894 SW Pacific Highway on Sherwood's Highway 99W corridor, at the southern commercial gateway to the Sherwood West urban reserve (1,291 acres, 126 properties, 110 owners). The site fronts 99W directly across from Oregon's largest high school (approximately 2,500 students, 350,000 SF) and sits adjacent to Middleton Elementary. The $29 million pedestrian bridge, completed August 2025, connects the school and Sherwood Family YMCA to the east side of 99W at this location. Highway 99W carries 36,994 VPD and serves two compounding traffic sources: daily Yamhill County commuter growth and Oregon Coast tourism funneling through the corridor via the Highway 18/99W merge east of Newberg.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.