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Listed by PATRICK MULHERN • SMI REAL ESTATE • Cell: 971-707-0335
$6,400,000
Est. payment /mo
12,030 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,030 sqft
Price per Sqft $532
MLS Listing ID 832028
Year Built 1990
Annual Tax Amount $51,248
Tax Year 2024
Lot Size 1.040 Acres
Acres 1.04
Property Sub-Type Retail
Property Description
Offered for the first time since its inception, this exceptionally well-maintained 12,030 SF retail building presents a rare opportunity to own a legacy asset in the heart of Wilsonville's most desirable retail corridor. The property features 9 leasable suites, some of which have been combined to accommodate long-standing tenants. Located near high-traffic anchors like Starbucks and Chipotle, this site enjoys outstanding visibility and access. Key Highlights:Size: 12,030 SF total | 9 Suites (configurable)Zoning: Commercial Retail | No CC&Rs (expired)Occupancy: Historically 100% occupied since completionTenant Stability: Most tenants have been in place for 10+ yearsPayment History: Reliable tenant payments—described “like a mutual fund”Location: Prime Wilsonville location with high visibility and traffic countsRecent Capital Improvements:Building repainted in 2024Parking lot seal-coated in 2024Three new HVAC units; others refurbished or lightly usedHeavy-duty rubber roof installed in 2008Additional Notes:Tenants handle their own build-outs and improvementsBuilding was owner-developed from the ground up in 1990Original tenants included Stan Wiley Real Estate and La Isla Bonita RestaurantSelf-managed until recently, showing hands-on care and pride of ownershipThis is a generational asset with a track record of steady performance, loyal tenants, and built-in upside for a new owner or investor. Ideal for a value-add investor, owner-user, or 1031 exchange.
Location
State OR
County Marion
Area 90 Marion County
Interior
Heating Electric, Gas
Exterior
Garage Spaces 50.0
View Territorial
Roof Type Built-Up,Other (Refer to Remarks)
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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