OR > Hillsboro
Hillsboro, OR 97123,516 S 1ST AVE
Hillsboro, OR 97123,516 S 1ST AVE,Video Tour
Hillsboro, OR 97123,516 S 1ST AVE
Hillsboro, OR 97123,516 S 1ST AVE
Hillsboro, OR 97123,516 S 1ST AVE
Hillsboro, OR 97123,516 S 1ST AVE
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Victoria Wriglesworth

Victoria Wriglesworth

+1(503) 780-6607
Listed by All Professionals Real Estate • allprofessionalsre@gmail.com
$ 1,375,000
Est. payment | /mo

7,200 SqFt

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$ 1,375,000
Est. payment | /mo
Save Virtual Tour

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 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!

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

Regional Multiple Listing Service (RMLS)

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agent
Victoria Wriglesworth

REALTOR®

+1(503) 780-6607

9200 SE Sunnybrook Blvd Ste 150, Clackamas, OR, 97015

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516 S 1ST AVE