12255-12297 SW Main St - Storefront FOR SALE


Tigard, OR 97223- Downtown Tigard
$2,350,000 USD
503-208-9396
12255-12297 SW Main St, Tigard, OR for Sale
$2,350,000 USD
Storefront - FOR SALE
1/7
null | 6.72% Cap Rate

12255-12297 SW Main St
Tigard, OR 97223
Downtown Tigard


HIGHLIGHTS

  • IMMEDIATE INCOME - 100% leased at acquisition; six tenants; Day-one NOI of $158,031 at a 6.72% cap rate
  • QUALIFIED CENSUS TRACT (QCT) - Located within HUD-Designated Qualified Census Tract 307
  • OPPORTUNITY ZONE & TIF DISTRICT - Federally designated. City of Tigard’s $42.8M Urban Renewal Plan (through FY 2035-36)
  • MAIN STREET GREEN STREET - City streetscape investment directly enhances pedestrian environment and curb appeal
  • ON-SITE PARKING - 22 spaces (2.2/1,000 SF) is an above-average downtown Main Street parking ratio, driving tenant demand and retention
  • WITH IN 10 MIN - 132k people, $105k median HH income, 61% age 18-64

OVERVIEW

A rare opportunity to acquire a fully leased, income-producing multi-tenant retail and office property in the heart of downtown Tigard, Oregon. Offered at $2,350,000 ($236/SF), this approximately 9,950 SF single-story building delivers immediate cash flow from six diverse tenants at a compelling 6.72% in place cap rate on Year 1 NOI of $158,031. With a projected 10-year equity IRR of 11.82%, the property offers exceptional risk-adjusted returns. Located within a federally designated Opportunity Zone, Qualified Census Tract, and Tigard’s Urban Renewal/TIF District, investors benefit from the City’s $42.8M public investment program (active through FY 2035-36), the Johnson Building benefits from substantial public investment in the surrounding streetscape and infrastructure. Zoned MU-CBD -- Tigard’s most flexible commercial designation -- the property offers significant long-term upside through rent growth and redevelopment potential. For investors seeking immediate income, positive leverage, Opportunity Zone benefits, and long-term appreciation in one of Oregon’s most actively revitalizing downtowns, the Johnson Building is a compelling, must see investment.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

MU-CBD

APN/PARCEL ID

R0461477

ASK ABOUT THIS PROPERTY

Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

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Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.