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Tigard Retail Investment Opportunity
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11642 SW Pacific Highway, Tigard, OR 97223

Multi-tenant retail property with development potential in Tigard, Oregon.

Property Size6,980 SF
Lot Size0.78 Acres
Days on Market205

Property Features for 11642 SW Pacific Highway

General Information

Standard status Active
Size 6,980 SF
Lot size 0.78 Acres
Property subtype Retail
Zoning COM - Commercial, City of Tigard

Building Details

Building Size 6,980 SF
Year Built 1967
Listing Agency: Macadam Forbes
Listed By: Rhys Konrad · License #OR #201205396
Source: Macadamforbes
Added: Jan 27 Changed: Aug 12 Last Checked: Aug 20 at 5:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes

Investment Insights

Based on property information with market context.

This multi-tenant investment opportunity is located in Tigard, Oregon, offering a prime Westside location. The property features a building of approximately 6,980 square feet across two levels, situated on approximately 0.78 acres. The rear of the property includes excess land suitable for developing an additional structure or parking. Currently 66% occupied, the property presents an upside income potential through future leasing. Located along SW Pacific Highway, the area benefits from high visibility and significant foot traffic, making it ideal for retail businesses. The location is near Washington Square and Bridgeport Village malls, which attract locals and visitors. The surrounding affluent neighborhoods provide a strong customer base. Tigard presents an opportunity for retail investors looking to establish a presence in a dynamic and thriving community. The property is an underdeveloped site with potential for an additional building.

Key Highlights

  • Multi‑tenant investment opportunity with upside income potential through future leasing of the 34% currently unoccupied space.
  • Located in a high‑visibility, high‑traffic area of Tigard, Oregon, near affluent neighborhoods and major shopping centers.
  • Large 0.78‑acre property with excess land suitable for developing an additional structure or parking.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Pharmacy Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,169
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 81% Shops & Services 19%
Hampton Inn Hotels & Casinos
3,964 visits/mo 0.3 miles
Extra Space Storage Shops & Services
1,057 visits/mo 0.3 miles
Quality Inn Tigard - Portland Southwest Hotels & Casinos
682 visits/mo 0.4 miles

Demographics for 97223, OR

49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail property with development potential in Tigard, Oregon.
Where is this shopping center located?
The property is located at 11642 SW Pacific Highway Tigard, OR.
What are key features of this property?
This property features: Multi‑tenant investment opportunity with upside income potential through future leasing of the 34% currently unoccupied space.; Located in a high‑visibility, high‑traffic area of Tigard, Oregon, near affluent neighborhoods and major shopping centers.; Large 0.78‑acre property with excess land suitable for developing an additional structure or parking.
More about this property
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