7155 Varns StTigard, OR 97223

For Sale
$1,650,000

Prime Tigard location, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a two-building executive office complex in Tigard, Oregon, situated on a 0.91-acre lot. The property features a total of 13,221 square feet of space, with one building encompassing 5,938 square feet across two stories. Currently operating as a multi-tenant property with a 50% occupancy rate and short-term leases, this presents a unique opportunity for an owner-user to consolidate operations or for an investor to acquire a property with significant upside potential. The buildings are wood-framed and boast Class C construction. The property is zoned C-P, allowing for flexibility in future use. Ample parking is available, providing 3 spaces per 1,000 square feet, with additional on-street parking along Varns Street. The complex benefits from excellent visibility due to signage facing SW 72nd Avenue and enjoys convenient access to Interstate 5 and Highway 217. The seller is open to converting the property into a condo plat with shared parking. Recent improvements include new exterior paint completed in the summer of 2024. The asking price is $1,650,000, and the lease type is gross. This property offers a compelling combination of location, size, and potential for immediate return on investment.

Highlights

  • High-visibility signage on SW 72nd Avenue.
  • Excellent access to I-5 and Hwy 217.
  • Ample off-street parking, plus additional spaces on Varns Street.
  • Fresh exterior paint, completed Summer 2024.

Property Details for 7155 Varns St

Property type
Other office properties, Office properties
Square Feet
5,938 SF
Class
C
Buildings
2
Stories
2
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Tigard
County
Washington
State
Oregon
Latitude
45.4245156
Longitude
-122.7511513
7155 Varns St, Tigard, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7155 Varns St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message