16120 Boones Ferry Road 4,900 SF Retail Building Lake Oswego, OR 97035 $3,200,000 ($653.06/SF)

This fully leased commercial property in Lake Oswego offers a rare investment opportunity in one of the Portland metro area’s most desirable submarkets. The 4,900-square-foot brick building sits on a 0.42-acre lot with 28 dedicated parking spaces, providing convenience for tenants and visitors. Built in 1993, the property is well-maintained and currently occupied by two tenants under NNN leases, generating $10,012 in monthly base rent plus NNN.
Located along Boones Ferry Road, the site benefits from strong visibility and easy access to major thoroughfares, including I-5 and Highway 217, connecting to Portland and surrounding communities. Lake Oswego is known for its affluent demographics, robust retail and office demand, and limited commercial land supply, making this asset a stable, income-producing investment. With annual property taxes of $22,812.36 and GC zoning allowing for a range of uses, this property offers long-term value and consistent cash flow.2 tenant spaces: 3377 sq ft and 1523 sq ft. PHO restaurant lease provides an out for OWNER USER. Owner will consider terms with substantial down payment.