516 S 1ST AVE
Hillsboro, OR 97123
MLS #: 24148837
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 Hillsboros 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 ftZoning: 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 tenantsAdditional income opportunity with vacant apartmentFlexible IG zoning suitable for a wide variety of industrial, office, or flex space usesClose proximity to downtown Hillsboro, major arterials, and TriMet access Seller Terms:Seller will consider ALL offersSeller financing availableCreative 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 dont want to miss.Contact us today to schedule a private tour and explore the possibilities! Details »
7200 Square Feet
The Oregonian did a story about me, real all about it here: https://www.oregonlive.com/aloha/2011/06/eric_squires_is_alohas_most_ardent_advocate_fan_and_booster.html
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Browse through the many properties that I am currently representing. Click the property to view the virtual tour of each listing.
Photo | Address | Size | Price |
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2075 NE 240TH AVE Wood Village, OR 97060 | 0 SqFt | $1,175,000 |
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Hogback Plush, OR 97637 | 0 SqFt | $100,000 |
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9321 SE STARK ST Portland, OR 97216 | 1,920 SqFt | $1,250,000 |
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6900 SW 195TH AVE # 260 Beaverton, OR 97007 | 1,185 SqFt | $109,000 |
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12365 SE EOLA HILLS RD Dayton, OR 97114 | 2,961 SqFt | $550,000 |
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16185 SW LUDWIG ST Beaverton, OR 97078 | 3,144 SqFt | $625,000 |
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516 S 1ST AVE Hillsboro, OR 97123 | 7,200 SqFt | $1,375,000 |
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20th Ave Aprox Rockaway Beach, OR 97136 | 0 SqFt | $199,999 |
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Hogback Plush, OR 97637 | 0 SqFt | $2,500,000 |
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BLM 6115 Plush, OR 97637 | 0 SqFt | $89,000 |
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114 Hammond AVE Cascade Locks, OR 97014 | 0 SqFt | $315,000 |
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7th ST Sprague River, OR 97639 | 0 SqFt | $9,999 |
See More Listings |
Address:
2075 NE 240TH AVE
Wood Village, OR 97060
Size: 0 SqFt
Asking Price: $1,175,000
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