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12720 SW Pacific Hwy 5,068 SF 40% Leased Retail Building Tigard, OR 97223 $1,395,000 ($275.26/SF)
Investment Highlights
- ±40,000 vehicles per day exposure on SW Pacific Hwy
- 30 on-site parking spaces
- Two leased suites with established tenants, providing immediate revenue
- Prominent signage opportunities
- Renovated in 2021
- Suites 1 & 3 can be combined into ±2,047 SF or function independently with separate entrances
Executive Summary
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.
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.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
5,068 SF
Building Class
C
Year Built/Renovated
1964/2021
Price
$1,395,000
Price Per SF
$275.26
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.33 AC
Zoning
MU-CBD - MU-CBD: Mixed-Use Central Business District zone. The MU-CBD zone is designed to provide a pedestrian-friendly urban village in downtown Tigard. A wi
Parking
30 Spaces (5.92 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $538,920 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$538,920
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12720 SW Pacific Hwy
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