Remarks

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!

Details

MLS#: 24148837
Price: $1,375,000

Style: Live Work Unit
Sq Ft: 7200
Year Built: 1975

County: Washington
Tax Fee: 3064.8000000000002