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    1453 61St Ave Hillsboro, OR 97124

    Sponsored
    For Lease
    Contact for pricing

    Prime retail space, flexible layouts, high visibility.

    Lot size:
    16,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1453 NE 61st Ave in Hillsboro, Oregon, presents a unique investment opportunity. Situated within the Orenco Station Town Center, this 16,222 square foot strip center offers two available suites, providing flexibility for various retail concepts. The property boasts high visibility and accessibility, benefiting from its location in a thriving mixed-use development. Individual suites range from a minimum of 1,972 square feet to a maximum contiguous space of 14,250 square feet, catering to a wide range of business needs. Currently, the entire 16,222 square feet is vacant, presenting a blank canvas for a single large tenant or the opportunity to lease to multiple tenants. The property is located in Washington County, Oregon, with a zip code of 97124. Its prime location within the Orenco Station Town Center ensures high foot traffic and exposure to a diverse customer base. This is an exceptional opportunity to establish a presence in a vibrant and rapidly growing community. The property's size and layout offer significant potential for customization and adaptation to suit specific business requirements. Don't miss this chance to secure a prominent retail space in a highly sought-after location.

    Property Features for 1453 61St Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,222 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,250 SF
    Space
    Available Space 1
    Size
    1,972 SF

    HighLights

    • 16,222 SF vacant retail space available in Hillsboro, OR's Orenco Station Town Center.
    • Two suites available, ranging from 1,972 SF to 14,250 SF contiguous.
    • High visibility and accessibility in a thriving mixed‑use development anchored by New Seasons Market.
    • Located near major employers (Intel) and high‑volume retailers (Costco, Winco, Kohl's, Walgreens).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.9192603
    Latitude
    45.5342399

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    FAQs

    What type of property is this?
    Neighborhood center - Prime retail space, flexible layouts, high visibility.
    Where is this neighborhood center located?
    The property is located at 1453 61St Ave Hillsboro, OR.
    What are key features of this property?
    This property features: 16,222 SF vacant retail space available in Hillsboro, OR's Orenco Station Town Center.; Two suites available, ranging from 1,972 SF to 14,250 SF contiguous.; High visibility and accessibility in a thriving mixed-use development anchored by New Seasons Market.
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    1453 61St Ave Hillsboro, OR 97124
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    Hillsboro, OR 97124
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1453 61St Ave Hillsboro, OR 97124
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