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Listed by All Professionals Real Estate • allprofessionalsre@gmail.com
$ 1,375,000
Est. payment | /mo
7,200 SqFt
$ 1,375,000
Est. payment | /mo
7,200 SqFt
Key Details
Property Type Commercial
Sub Type Live Work Unit
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $190
MLS Listing ID 24148837
Year Built 1975
Annual Tax Amount $3,064
Tax Year 2024
Lot Size 9,583 Sqft
Property Sub-Type Live Work Unit
Property Description
FOR SALE: 516 S 1st Ave, Hillsboro, OR 97123 | Prime IG Zoned Investment Opportunity Unlock the potential of this versatile 7,200 sq ft property located in the heart of Hillsboro's thriving industrial corridor. Zoned IG (General Industrial), this property offers a rare combination of immediate cash flow and future upside — making it ideal for investors or owner-users. Property Highlights:•Size: 7,200 sq ft•Zoning: IG (General Industrial)•First Floor: Fully leased for 10 years starting at $7,500/month with 10% annual rent increases. New owner option to cancel the existing lease with 90 days notice. Second Floor: Partially leased at $2,500/month. Remaining space includes an approximately 1,400 sq ft, 2-bedroom, 1-bath apartment ready for lease or occupancy. Current CAP Rate: Approximately 8%, with strong upside potential. Investment Features: Immediate rental income from established tenants•Additional income opportunity with vacant apartment Flexible IG zoning suitable for a wide variety of industrial, office, or flex space uses. Close proximity to downtown Hillsboro, major arterials, and TriMet access Seller Terms: Seller will consider ALL offers. Seller financing available. Creative financing options welcomed This is a rare chance to secure a well-located, income-producing asset with built-in growth potential. Whether expanding your portfolio or securing a flexible building for your own use, 516 S 1st Ave is a strategic opportunity you don't want to miss.Call today to schedule a private tour and explore the possibilities!
Location
State OR
County Washington
Area _152
Zoning I-G
Interior
Heating Forced Air
Exterior
View Territorial
Roof Type Other
Garage No
Building
Story 2
Sewer Public Sewer
Water Community
Level or Stories 2
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, LeaseOption
Listing Terms CallListingAgent, Cash, Contract, Conventional, LeaseOption
Virtual Tour https://my.matterport.com/show/?m=isQtgNta5bY
