- ADDRESS:
- 516 S 1ST AVE Hillsboro, OR 97123
- VIDEOS:
- Virtual Tour Print this Listing
- Price:
- $1,375,000
- Ft²:
- 7200
- Acres:
- 0.22
- MLS#:
- 24148837
- Lot Size:
- 7,000 to 9,999 SqFt
- Zone:
- I-G
- County:
- Washington
- Style:
- 2 Stories
- Yr Built:
- 1975
- Status:
- Active
- Levels:
- 2
- Heat:
- Forced Air
- Roof:
- Other
- View:
- Territorial
- Area:
- Hillsboro, Forest Grove
- Courtesy of:
- All Professionals Real Estate
- 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!