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Office Units
OR
Tigard
97223
12720 SW Pacific Hwy

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FOR SALE

Office Units

12720 SW Pacific Hwy Tigard, OR 97223

5,068 SF Built 1964

Property ID

US71-Q018409

$1,395,000 5,068 SF

12720 SW Pacific Hwy, Tigard, OR 97223
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Multi-tenant office investment opportunity located along SW Pacific Hwy in Tigard’s MU-CBD corridor. 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, positioning the asset for both income and value creation. 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, reinforcing long-term business exposure. Suite Highlights: Suite 1 (1,172 SF): 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): 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): 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 rarely available in this submarket. Portland, OR 97223 is a vibrant community offering an enticing mix of characteristics that make it an excellent location for tenants and business owners seeking office, retail, or flex space. With a robust daytime population of approximately 66,010, this area provides a significant influx of nearly 21,928 additional daytime customers during business hours. The community presents a compelling environment for businesses aiming to capitalize on a diverse and engaged customer base.