Overview
Tigard Multi-Tenant Office Investment Opportunity
Located along SW Pacific Hwy in Tigard’s MU-CBD corridor, this multi-tenant office building presents an investment opportunity. The 5,068 SF building is configured into 5 suites, with 2 leased units providing in-place income and 3 suites available for owner-user occupancy or lease-up. Originally built in 1964 and updated in 2021, the property features individually improved suites, each with dual entrances and separately metered electrical service. Ground-level spaces are equipped with higher-capacity HVAC, supporting a range of medical and professional uses. The exterior showcases a natural stone façade with wood siding, repainted in 2022. Positioned along SW Pacific Hwy, the property benefits from strong visibility with approximately 40,000 vehicles per day and prominent on-building signage. Suite 1 (1,172 SF) is a former chiropractic suite with reception, granite counter tops, natural wood paneled ceilings and wainscoting, six private offices, kitchenette, and strong natural light in each office, turnkey ready for medical use. Suite 3 (875 SF) has a medical/professional layout with five offices, reception, laundry, and quartz finishes. Suites 1 & 3 can be combined into ±2,047 SF or function independently with separate entrances. 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. Suite 5 (1,188 SF) is a finished basement with three offices, large entry area, sink, laundry hookup, and storage. MU-CBD zoning permits medical, professional office, retail, and residential uses, providing long-term development optionality. The location benefits from a robust daytime population of approximately 66,010, with an influx of nearly 21,928 additional daytime customers during business hours.
