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1936-1938 Pacific Ave 6,480 SF 45% Leased Retail Building Forest Grove, OR 97116 $890,000 ($137.35/SF)

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EXECUTIVE SUMMARY

Beautifully renewed retail/office building in the heart of Downtown Forest Grove. 6,480 SF. One small upstairs corner space (358 SF) currently has a lease in place thru November 2028 with a rate of $1,250 mo, annual rent escalations of 3%. The basement is also currently leased thru August of 2026 with a rate of $650 mo.
1.Main Floor Two entry points of access from the street with separate addresses currently used as one contiguous space
Nice separate reception area
Two private offices
Two restrooms
Large open area (or bullpen)
One conference room
Kitchenette and storage room
2.Second Floor
Separate streetside shared access staircase to the second floor
Top floor features plenty of natural light thanks to skylights throughout
Multiple offices ranging from small to large
One restroom
3.Basement
1,960 SF of space
Perfect for additional storage

SHU-1936-1938 Pacific Ave 7.17.2025

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

6,480 SF

Building Class

Year Built

1939

Price

$890,000

Price Per SF

$137.35

Percent Leased

45%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

1.49

Lot Size

0.10 AC

Zoning

TCC-Town Corridor

Frontage

66’ on Pacific Ave

Bus Line
Pylon Sign

Security System

Signage

Storage Space

MAJOR TENANTS

Real Estate
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The vision of John L. Scott Real Estate started 90 years ago when a young Scottish immigrant named John L. Scott set out on a long journey to San Diego, California with his bride and infant son. The trip included a stop in the burgeoning city of Seattle, Washington where John L. later recalled, “It was like reaching City Beautiful in Pilgrim’s Progress.” Seattle, not San Diego, would become the Scott family’s new home. Once the family was settled, John L. began working as a sales associate for a local real estate company. In 1931, he established John L. Scott Real Estate, which has become one of the largest and most successful regional real estate companies in the nation. It now operates offices with agents throughout Washington, Oregon, Idaho, and now California.