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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 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
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Justin Burton
Lic# 201217253