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Listed by Berkshire Hathaway HomeServices NW Real Estate
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$1,355,000
$1,395,000 2.9%
Est. payment /mo
5,068 SqFt
Sold on 07/08/2026
12720 SW PACIFIC HWY Portland, OR 97223
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Key Details
Sold Price $1,355,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,068 sqft
Price per Sqft $267
MLS Listing ID 258501050
Sold Date 07/08/26
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
Nearby Locations
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