12720 SW PACIFIC HWY, Portland, OR 97223
12720 SW PACIFIC HWY, Portland, OR 97223
12720 SW PACIFIC HWY, Portland, OR 97223
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Diana Lopez

Diana Lopez

+1(541) 905-8426
Listed by Berkshire Hathaway HomeServices NW Real Estate
$1,395,000
Est. payment /mo
5,068 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 5,068 sqft

Price per Sqft $275

MLS Listing ID 258501050

Year Built 1964

Annual Tax Amount $8,367

Tax Year 2025

Lot Size 0.330 Acres

Property Sub-Type Commercial

Property Description

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.

Location

State OR

County Washington

Area _151

Zoning MU-CBD

Interior

Heating Baseboard, Forced Air

Cooling Central Air

Exterior

Roof Type Flat

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Nearby Locations

Diana Lopez
Diana Lopez

Agent | License ID: 201257405|REALTY OF AMERICA

+1(541) 905-8426 | dianalopez.homes@outlook.com

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