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11642 SW Pacific Hwy
Tigard, OR 97223
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Multi-tenant investment opportunity
- Underdeveloped property for potential additional building
- 66% occupied
- Upside income potential with additional leasing
EXECUTIVE SUMMARY
Multi-tenant investment opportunity with great Westside location. The property consists of 6,980 SF building (two levels) on approximately 0.78 acres of property. The rear of the property is excess land that could be developed into an additional structure, or parking. The building is currently 66% occupied, allowing an investor additional upside with future leasing.
The vibrant city of Tigard, Oregon, show potential for Retail and Street Retail investors. Nestled along SW Pacific Highway, the area offers high visibility and significant foot traffic, ideal for retail businesses. Nearby, two of the most successful malls Washington Square and Bridgeport Village boasts a diverse mix of shops and restaurants, drawing in both locals and visitors. The area is surrounded by affluent neighborhoods, providing a strong customer base. With its strategic location and access to amenities, Tigard presents an exciting opportunity for retail investors looking to establish a presence in a dynamic and thriving community.
The vibrant city of Tigard, Oregon, show potential for Retail and Street Retail investors. Nestled along SW Pacific Highway, the area offers high visibility and significant foot traffic, ideal for retail businesses. Nearby, two of the most successful malls Washington Square and Bridgeport Village boasts a diverse mix of shops and restaurants, drawing in both locals and visitors. The area is surrounded by affluent neighborhoods, providing a strong customer base. With its strategic location and access to amenities, Tigard presents an exciting opportunity for retail investors looking to establish a presence in a dynamic and thriving community.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,590 SF
Building Class
B
Year Built
1967
Price
$1,815,000
Price Per SF
$211.29
Cap Rate
6.08%
NOI
$110,352
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
C-G
Parking
5 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
109’ on SW Pacific Hwy
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R0285168 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $463,200 |
PROPERTY TAXES
Parcel Number
R0285168
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$463,200
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