12720 SW Pacific Hwy - Retail FOR SALE


Tigard, OR 97223- Downtown Tigard
$1,395,000 USD
971-300-9272
12720 SW Pacific Hwy, Tigard, OR for Sale
$1,395,000 USD
Retail - FOR SALE
1/54
null | Request Cap Rate

12720 SW Pacific Hwy
Tigard, OR 97223
Downtown Tigard


HIGHLIGHTS

  • ±40,000 vehicles per day exposure on SW Pacific Hwy
  • Prominent signage opportunities
  • 30 on-site parking spaces
  • Renovated in 2021
  • Two leased suites with established tenants, providing immediate revenue
  • Suites 1 & 3 can be combined into ±2,047 SF or function independently with separate entrances

OVERVIEW

Value-Add Multi-Tenant Office | 40% Leased | Owner-User + Lease-Up Opportunity Multi-tenant office investment opportunity located along SW Pacific Hwy in Tigard’s MU-CBD corridor. The 5,068 SF building is configured into five suites, with two leased units providing in-place income and three suites available for owner-user occupancy or lease-up, positioning the asset for both income and value creation. ±40,000 vehicles per day exposure on SW Pacific Hwy with prominent signage on building. Suite Highlights: Suite 1 (1,172 SF): Former chiropractic suite with reception, granite counter tops, natural wood paneled ceilings and wainscoting. Six private offices, kitchenette, and strong natural light in each office. Turnkey ready for medical use. Suite 3 (875 SF): Medical/professional layout with five offices, reception, laundry, and quartz finishes. Suites 1 & 3 can be combined into ±2,047 SF or function independently with separate entrances. Suites 2 (985 SF) and Suite 4 (820 SF) are currently leased with long-tenured tax professional and an established massage practice, providing immediate income. Suite 5 (1,188 SF): Finished basement with three offices, large entry area, sink, laundry hookup, and storage Built 1964, updated 2021. Each suite has dual entrances, individually updated and ground level includes higher-capacity HVAC. Natural stone facade with wood siding painted in 2022, and individually metered electric service per unit. MU-CBD zoning permits medical, professional office, retail, and residential uses, providing long-term development optionality rarely available in this submarket.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

MU-CBD

APN/PARCEL ID

R0461869,R0461878

ASK ABOUT THIS PROPERTY

Lauren MuscoBerkshire Hathaway Home ServicesMore Info
971-300-9272

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

Lauren MuscoBerkshire Hathaway Home ServicesMore Info
971-300-9272

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