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12255-12297 SW Main St
Tigard, OR 97223 Downtown Tigard

$2,350,000 USD

Storefront For Sale  •  10,000 SF

Property Details

• Property Type Storefront
• Total Building Size 9,950 SF
• Lot Size 0.57 AC
• Building Class B
• Year Built 1950
• Tenancy Multiple
• Zoning MU-CBD

70 Transit Score

50 Walk Score

Highlights

IMMEDIATE INCOME - 100% leased at acquisition; six tenants; Day-one NOI of $158,031 at a 6.72% cap rate

QUALIFIED CENSUS TRACT (QCT) - Located within HUD-Designated Qualified Census Tract 307

OPPORTUNITY ZONE & TIF DISTRICT - Federally designated. City of Tigard’s $42.8M Urban Renewal Plan (through FY 2035-36)

MAIN STREET GREEN STREET - City streetscape investment directly enhances pedestrian environment and curb appeal

ON-SITE PARKING - 22 spaces (2.2/1,000 SF) is an above-average downtown Main Street parking ratio, driving tenant demand and retention

WITH IN 10 MIN - 132k people, $105k median HH income, 61% age 18-64

Property Flyers

Flyer - 12255-12297 SW Main St - Tigard - Johnson Building - 26

Amenities

• Bus Line
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tigard Transit Center (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	3 min	4 min	0.2 mi
Hall/Nimbus (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	7 min	-	2.7 mi
Transit/Subway	Drive	Walk	Distance
Tigard Transit Center (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	3 min	4 min	0.2 mi
Airport	Drive	Walk	Distance
Portland International	35 min	-	21.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes