8950 Burnham StTigard, OR 97223

Property Details for 8950 Burnham St

Year built

1977

Lot size

0.81 AC

Property size (Sq ft)

12,600 SF

Zone code

MU-CBD

Property type

Office properties

APN

2S102AD-02400

APU

2S102AD02400

Description

This exceptional two-story executive office building, located at 8950 SW Burnham St in the heart of downtown Tigard, Oregon, presents a compelling investment opportunity. Boasting 12,246 square feet of well-appointed space, this property sits on a 0.83-acre lot and is zoned MU-CBD (Mixed-Use Central Business District), offering significant flexibility for future development. The building's prime location within Tigard's revitalized downtown core provides immediate access to a vibrant mix of new restaurants, entertainment venues, residential options, and retail establishments. This strategic location ensures high visibility and convenient access for employees and clients alike. The asking price for this remarkable property is $2,600,000. The property's 97223 zip code and Washington County location further enhance its desirability. This is a rare opportunity to acquire a substantial and well-situated office building in a thriving Oregon city. The building's two stories provide ample space for a variety of business needs, and the mixed-use zoning opens doors to a range of potential future uses. Don't miss this chance to own a piece of Tigard's dynamic downtown.

• CAP approach

  CAP return

  Valuation

  6%

  $2,233,488

  6.5%

  $2,061,682

  7%

  $1,914,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,138,306

  Geo Method

  $2,426,508

• Alternative Use

  Use

  Valuation

  Residential

  $2,556,486

  Hospitality

  $2,341,727

  Educational

  $1,948,289

  Medical

  $2,015,294

  Retail

  $3,030,672

Location Insight

City

Portland

County

Washington

State

Oregon

Latitude

45.4274

Longitude

-122.769

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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