Incredible rare property with development and investment potential, close to parks and historic downtown Sherwood! Includes 1.93 acres across two lots, with an existing 2,072 sq ft fixer on 0.26 acres, and a 1.67-acre vacant lot with barn, prime for development. Zoned MDRL (Medium Density Residental Low) which allows for 8-12 units per acre, providing options for either a traditional land division or a cottage cluster development. Located on SW Meinecke Road, a key corridor to downtown, its flat terrain and potential rezoning make it a strong investment. Whether renovating, developing, or investing, this property is a fantastic opportunity in Sherwood's growing market. Near Stella Olsen Park, with walking trails, expansive green spaces, amphitheater, creek, picnic shelter, and playground. Adjacent to Cedar Creek trail, and in close proximity to the heart of Sherwood, with its restaurants, shops, farmer's market, libary, Center for the Arts, and much more!