2318 Pacific Ave - Office FOR SALE


Forest Grove, OR 97116
$639,000 USD
971-770-1122
2318 Pacific Ave, Forest Grove, OR for Sale
$639,000 USD
Office - FOR SALE
1/20
null | 5.2% Cap Rate

2318 Pacific Ave
Forest Grove, OR 97116


HIGHLIGHTS

  • Traffic 15,000 vehicle/day
  • Potential for Owner Occupy or 3rd Tenant
  • Over 25 parking spaces
  • TCT Zone uses include retail, office, repair oriented services, eating & drinking establishments, day care, or multi-family

OVERVIEW

Single story office building on a 0.41 acre lot. This property is currently rented by long term tenants. Cement Block Building has 10 rooms or offices with three bathrooms. One unit (600sqft) has 3 rooms with one bathroom while the other unit (1824sqft) has 7 rooms/offices with a large storage room and two bathrooms. The larger unit could be easily divided to have a third commercial unit for owner use or new third tenant. Approximately 25 parking spaces available with building. The Town Center Transition (TCT) Zone commercial uses include retail, office, repair oriented services, eating & drinking establishments, day care, or multi-family units. Located near Pacific University and on a high traffic road with up to 15,000 vehicles per day. Property is occupied. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$639,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

TCT

APN/PARCEL ID

R0421733

ASK ABOUT THIS PROPERTY

Kevin MapesKW CommercialMore Info
971-770-1122

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Kevin MapesKW CommercialMore Info
971-770-1122

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