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  • Price: $1,375,000

  • 516 S 1ST AVE
    Hillsboro, OR 97123

  • MLS #: 24148837

Property Details

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

Eric Squires

Real Estate Agent All Professionals Real Estate 201102006
  • 20001 SW TV Highway
    Aloha, OR 97003
  • 503-807-3899
  • 503-807-3899
Schedule a Showing Visit My Website

Biography

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

Jamie Bates

Branch Manager Geneva Financial, LLC NMLS# 295976
  • 20001 SW TV Hwy
    Beaverton, OR 97003
  • 971-371-4406
  • 503-577-3816
Visit My Website
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Type of school

Brookwood Elementary School (Grades: KG - 6)
Century High School (Grades: 9 - 12)
City View Charter School (Grades: KG - 8)
Farmington View Elementary School (Grades: KG - 6)
Groner K-8 (Grades: KG - 8)
Hillsboro High School (Grades: 9 - 12)
Imlay Elementary School (Grades: KG - 6)
Ladd Acres Elementary School (Grades: KG - 6)
Minter Bridge Elementary School (Grades: KG - 6)
R A Brown Middle School (Grades: 7 - 8)
South Meadows Middle School (Grades: 7 - 8)
W L Henry Elementary School (Grades: KG - 6)
Witch Hazel Elementary School (Grades: KG - 6)
Butternut Creek Elementary School (Grades: KG - 6)
Chehalem Elementary School (Grades: KG - 5)
Cooper Mountain Elementary School (Grades: KG - 5)
Errol Hassell Elementary School (Grades: KG - 5)
Hazeldale Elementary School (Grades: KG - 5)
Mountain View Middle School (Grades: 6 - 8)
Mountainside High School (Grades: 9 - 12)
Nancy Ryles Elementary School (Grades: KG - 5)
Scholls Heights Elementary School (Grades: KG - 5)
Sexton Mountain Elementary School (Grades: KG - 5)
Information

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NCES School ID: 410002301169

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School Data Provided By NCES
This information is provided by a third party provider and may or may not reflect all schools in this area.
  • 90-100
  • 70-89
  • 50-69
  • 25-49
  • 0-24
  • Rider's Paradise World-class public transportation
  • Excellent Transit Transit is convenient for most trips
  • Good Transit Many nearby transportation options
  • Some Transit A few nearby transportation options
  • Minimal Transit It is possible to get on a bus
  • 90-100
  • 70-89
  • 50-69
  • 25-49
  • 0-24
  • Walker's Paradise Daily errands do not require a car
  • Very Walkable Most errands can be accomplished by foot
  • Good Transit Some errands can be accomplished by foot
  • Car-Dependent Most errands require car
  • Car-Dependent Almost all errands require car
  • 90-100
  • 70-89
  • 50-69
  • 0-49
  • Biker's Paradise Daily errands can be accomplished on a bike
  • Very Bikeable Biking is convenient for most trips
  • Bikeable Some bike infrastructure
  • Somewhat Bikeable Minimal bike infrastructure

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Hillsboro, OR 97123

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516 S 1ST AVE Hillsboro, OR 97123
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