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Hudson Plaza 12950 SW Pacific Hwy

22,670 SF 100% Leased Retail Building Tigard, OR 97223 $5,600,000 ($247/SF) 6.80% Cap Rate

Investment Highlights

  • Recently Remodeled
  • CG Zone (mixed use friendly)
  • 38,000 Vehicles Per Day
  • New Roof
  • High Visibility Location & Signage
  • Close to Freeway Access

Executive Summary

NEW TO MARKET! Introducing a prime investment opportunity in the heart of Tigard, Oregon on Highway 99. This 18,545 SF commercial building, constructed in 1993 and recently remodeled, offers a lucrative prospect for retail/strip center investors. Zoned CG and boasting a 100% occupancy rate, this fully performing property presents a stable income stream with significant potential for growth. The property features a modern design, ample parking, and high visibility, making it an attractive option for retail businesses. With a strong tenant base and a well-maintained structure, this property is an ideal addition to any investment portfolio. Don't miss the chance to capitalize on this outstanding retail real estate opportunity in a sought-after location.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
22,670 SF
Building Class
B
Year Built/Renovated
1979/2022
Price
$5,600,000
Price Per SF
$247
Cap Rate
6.80%
NOI
$380,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
1.39 AC
Zoning
CG - Uses: Office, Retail, Professional Services, Personal Services, Food, Religious and Civic
Parking
60 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
332 FT on Pacific Hwy

Amenities

  • 24 Hour Access
  • Bus Line
  • Property Manager on Site
  • Signage
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Dotty's
Natural Grocers
Planet Fitness Northwest Office
Starbucks
Dutch Bros
Elmer's
D-BAT

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R0466025
  • R0464483
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,825,030
  • Listing ID: 33197136

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 12950 SW Pacific Hwy, Tigard, OR 97223

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