Historical Retail Sale Listing - TV Hwy Retail with Redevelopment Potential

Retail For Sale

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TV Hwy Retail with Redevelopment Potential

5121 SE Tualatin Valley Hwy, Hillsboro, OR 97123

N/A

2,500 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
2,500 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Office (land)
Retail (land)
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
5.40%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1961
Lot Size:
40,800 SF
Listing ID
14945339
Last Updated
over 1 year ago

Highlights

  • Cash Flow while you re-develop or land bank
  • Long-term stable primary tenant
  • High traffic location

Description

Retail property on TV Highway with long-term stable primary tenant + coffee kiosk. Primary tenant has 21 months remaining on lease and would like to extend, but the option is yours. Drastically under-utilized property has +/- 2,500 SF building on +/- 40,800 SF lot, leaving great potential for redevelopment. Preliminary plans have been drawn for a 12,370 SF strip center, but out-of-area owners prefer to sell. It may be possible to redevelop without disrupting current tenant, providing continuous cash flow during construction.

High-traffic TV Hwy location near The Reserve Vineyards and Golf Club. Approx. 100' from intersection with Brookwood realignment, bringing high visibility and slow traffic.

Map of 5121 SE Tualatin Valley Hwy, Hillsboro, OR 97123 (Washington County)

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