22770 SW ELWERT Rd, Sherwood, OR 97140

Potential Multifamily opportunity. Current zoning is low density residential, and multifamily will require a zoning change. There is positive indication from the City of Sherwood regarding the zoning change, but no pre-app conference or formal discussions have been had.

The property to be sold includes the 13.82 acre parcel. Special consideration will be given to the Buyer who will: 1.Work with the Seller to minimize impact of daily operations of the Lodge. 2.Include the removal and decommissioning of the existing septic tank, and connect the Lodge to sewer.3.Include gated road access from the development of the 13.82 acre parcel to the 4.89 acre parcel.

4.Meet or beat a minimum Purchase Price $7,500,000. The Seller would like to see your highest and best offer. 5.Due Diligence Period should be no more than 60 days. 6.Significant Earnest Money shall be non-refundable and released to the Seller at the end of the Due Diligence Period. 7.Demonstrate knowledge and experience in working with the City of Sherwood to develop property.