696 McVey Ave - Office FOR SALE


Lake Oswego, OR 97034- McVey-South Shore
$8,600,000 USD
503-516-0097
696 McVey Ave, Lake Oswego, OR for Sale
$8,600,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

696 McVey Ave
Lake Oswego, OR 97034
McVey-South Shore


HIGHLIGHTS

  • Only private marina on Lake Oswego with 29 slips and a 220-person waitlist.
  • Class A office building featuring unobstructed, full-length lake views.
  • Recently modernized with new roof, siding, and HVAC systems.
  • Fully leased with significant income upside from below-market rents.
  • Includes lakebed ownership providing control and exclusive positioning.
  • Covered parking and automated access enhance tenant convenience.

OVERVIEW

Oswego Landing offers a unique investment opportunity as the only private marina on Lake Oswego. Featuring 29 boat slips with an extensive 220-person waitlist, this Class A lakefront asset combines secure boat moorage with modernized office space in an exceptionally limited market. The property includes a two-story office building boasting unobstructed lake views, covered parking, and full modernization, including PDK automated access, a new roof, new siding, and updated HVAC systems. Fully leased to stable tenants, the asset ensures strong income performance and presents rental upside from current below-market leases. Ownership includes approximately 40 feet into the lakebed, delivering unmatched control and prestige. With a rare combination of premier waterfront positioning, long-term tenant demand, and limited comparable assets in the region, Oswego Landing stands as a highly desirable acquisition opportunity in one of Oregon’s most exclusive submarkets.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$1,216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oswego Landing

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

NC

APN/PARCEL ID

00265457

ASK ABOUT THIS PROPERTY

Sean McCarthyKidder MathewsMore Info
503-516-0097

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Sean McCarthyKidder MathewsMore Info
503-516-0097

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