- ADDRESS:
- 12720 SW PACIFIC HWY Portland, OR 97223
- VIDEOS:
- Print this Listing
- Price:
- $1,395,000
- Ft²:
- 5068
- Acres:
- 0.33
- MLS#:
- 258501050
- Lot Size:
- 10,000 to 14,999 SqFt
- Zone:
- MU-CBD
- County:
- Washington
- Style:
- 2 Stories
- Yr Built:
- 1964
- Status:
- Active
- Levels:
- 2
- Heat:
- Baseboard, Forced Air
- Roof:
- Flat
- Area:
- Tigard, Tualatin, Sherwood, Wilsonville
- Courtesy of:
- Berkshire Hathaway HomeServices NW Real Estate
- Remarks:
- Rare opportunity to acquire a fully renovated, multi-suite medical and professional office building in the heart of downtown Tigard's MU-CBD corridor. 5,068 SF across 5 suites. 3 available for owner-occupancy or lease-up, 2 occupied by established tenants. 30 on-site parking spaces. Approximately 40,000 VPD frontage on SW Pacific Hwy with prominent signage. Suite 1 (1,172 SF) is a former chiropractic suite with reception with granite counters and wainscoting, 6 private offices, natural wood-paneled ceiling, recessed lighting, kitchenette, and natural light in every room. Suite 3 (875 SF) fully built out for medical or professional use, features 5 offices, quartz counters, laundry, and reception. A shared office/breakroom between Suites 1 and 3 allows them to combine into one suite of approximately 2,047 SF or remain fully independent, each with its own dual entrance. 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.Unit 5 (1,188 SF) is a finished basement with dual entrance, 3 offices, large entrance area, back room with sink and laundry hookup, and storage. Built 1964, updated 2021. Natural stone facade with wood siding painted in 2022 and higher-capacity HVAC. Each suite has been individually updated 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.