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Holroyd Building 1933-1937 Pacific Ave 5,664 SF 95% Leased Retail Building Forest Grove, OR 97116 For Sale 6.50% Cap Rate
Executive Summary
Historic mixed-use building in the heart of downtown Forest Grove! Call for pricing.
TENANT SPACES:
• Ground floor retail: ± 1,850 SF
• 1 bed/1 bath apartment: ± 600 SF
• 2 bed/1 bath apartment: ± 900 SF
• Office w/bathroom: ± 300 SF - Available for lease
FEATURES:
• Full renovation of first floor bar/restaurant, including installation of bar top, plumbing, built-in seating, etc.
• Renovations in the last 3 years include: New 1st floor windows, awning and exterior repairs (2023-4), new electrical service (2024), new roof (spring 2025), and new water heaters and replacement of basement plumbing (2026)
• Tenants pay all utilities and garbage
• Unbeatable location in the heart of Forest Grove, just minutes from Pacific University
TENANT SPACES:
• Ground floor retail: ± 1,850 SF
• 1 bed/1 bath apartment: ± 600 SF
• 2 bed/1 bath apartment: ± 900 SF
• Office w/bathroom: ± 300 SF - Available for lease
FEATURES:
• Full renovation of first floor bar/restaurant, including installation of bar top, plumbing, built-in seating, etc.
• Renovations in the last 3 years include: New 1st floor windows, awning and exterior repairs (2023-4), new electrical service (2024), new roof (spring 2025), and new water heaters and replacement of basement plumbing (2026)
• Tenants pay all utilities and garbage
• Unbeatable location in the heart of Forest Grove, just minutes from Pacific University
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,664 SF
Building Class
C
Year Built
1936
Cap Rate
6.50%
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.98
Lot Size
0.04 AC
Zoning
TCC
Amenities
- Banking
- Bus Line
- Restaurant
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Converted studio apartment includes kitchen and private bathroom.
| Space | Size | Space Use | Position | Available |
| Unit 3 | 300 SF | Office | - | Now |
Unit 3
| Size |
| 300 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Unit 3
| Size | 300 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Converted studio apartment includes kitchen and private bathroom.
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0422992 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $219,410 |
Property Taxes
Parcel Number
R0422992
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$219,410
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Holroyd Building | 1933-1937 Pacific Ave
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