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516 S 1ST AVE, Hillsboro, OR 97123
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$1,375,000
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Home Details for 516 S 1ST AVE
Price
$1,375,000
Type
Commercial/Industrial
Year Build
1975
Sq. Ft.
7200
Lot Size
0.22
County
Washington
Tax
$3,064.8
MLS®️ Listing#
24148837
On exitrealty.com
334 days
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!
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- Cooling Information
- None
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Listing Courtesy: All Professionals Real Estate - allprofessionalsre@gmail.com. Presented by: Eric Squires
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than EXIT Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2025 RMLS of Portland, Oregon. All Rights Reserved.Last Updated: 2025-06-24 17:31:06
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EXIT REALTY BEND
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$1,375,000
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EXIT REALTY BEND
805 SW Industrial Way, Suite 4, Bend, OR 97702