12720 SW Pacific St Portland, OR 97223

This is a renovated, multi-suite medical and professional office building located in downtown Tigard's MU-CBD corridor. The building offers 5,068 square feet across 5 suites. There are 30 on-site parking spaces. The property has approximately 40,000 vehicles per day (VPD) frontage on SW Pacific Highway with prominent signage. Suite 1, with 1,172 square feet, is a former chiropractic suite featuring a reception area with granite counters and wainscoting, 6 private offices, a natural wood-paneled ceiling, recessed lighting, a kitchenette, and natural light in every room. Suite 3, offering 875 square feet, is fully built out for medical or professional use and includes 5 offices, quartz counters, laundry facilities, and a reception area. A shared office/breakroom between Suites 1 and 3 allows them to combine into one suite of approximately 2,047 square feet or remain fully independent, each with its own dual entrance. Suites 2 (985 square feet) and Suite 4 (820 square feet) are currently leased to a long-tenured tax professional and an established massage practice, providing immediate income. Unit 5, a finished basement with 1,188 square feet, features a dual entrance, 3 offices, a large entrance area, a back room with a sink and laundry hookup, and storage. Constructed in 1964 and updated in 2021, the building features a natural stone facade with wood siding painted in 2022 and higher-capacity HVAC. Each suite has been individually updated and has individually metered electric service. The MU-CBD zoning permits medical, professional office, retail, and residential uses.