$1,375,000

516 S 1St Ave , Hillsboro, OR 97123

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:7,200 sqft
Lot:0.22
Year Built:1975
Listing Status:Active

Listing Agent

Eric Squires
http://allprofessionalsre.com/
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

FOR SALE: 516 S 1st Ave, Hillsboro, OR 97123 | Prime IG Zoned Investment OpportunityUnlock 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.Contact us today to schedule a private tour and explore the possibilities!

Detailed Items

Other Information

516 S 1St Ave, Hillsboro, OR, 97123 is a commercial sale listing of 7,200 sqft on a lot of 0.22. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property516 S 1St Ave, Hillsboro, OR
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