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    293 Ave Hillsboro, OR 97133

    Sponsored
    For Sale
    $500,000

    Prime North Plains development opportunity. Mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 40,510 square foot commercial and residential development parcel is situated in the desirable Sunset Ridge subdivision in North Plains, Oregon. Located at the corner of NW West Union Rd & NW 293rd Ave, this 0.93-acre lot offers a unique opportunity for mixed-use development. The property is zoned Neighborhood Community (NC), permitting both multifamily and commercial construction. Conceptual plans include a 6,000 square foot commercial building with 26 parking spaces, though the NC zoning allows for a variety of development options. The asking price is $500,000, translating to a land value of $17.03 per square foot. This property benefits from its location within the brand-new, fully completed Sunset Ridge residential subdivision, providing immediate access to a built-in residential market. The parcel's APN is R2204842. This is an excellent investment opportunity in a rapidly growing area of Washington County, Oregon, with easy access to Hillsboro and other key regional locations. The property's prime location and flexible zoning make it ideal for a variety of development projects, catering to both commercial and residential needs. Don't miss this chance to acquire a highly sought-after development site in a thriving community.

    Property Features for 0 293 Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 0.93‑acre (40,510 SF) development parcel for sale in Sunset Ridge, North Plains, OR.
    • Conceptual plans include a 6,000 SF commercial building with 26 parking spaces.
    • Neighborhood Community (NC) zoning allows multifamily and mixed‑use development.
    • Located in the completed Sunset Ridge residential subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.9477063
    Latitude
    45.5888046

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    FAQs

    What type of property is this?
    Multifamily property - Prime North Plains development opportunity. Mixed-use potential.
    Where is this multifamily property located?
    The property is located at 293 Ave Hillsboro, OR.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 0.93-acre (40,510 SF) development parcel for sale in Sunset Ridge, North Plains, OR.; Conceptual plans include a 6,000 SF commercial building with 26 parking spaces.; Neighborhood Community (NC) zoning allows multifamily and mixed-use development.
    (503) 222-2655
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    293 Ave Hillsboro, OR 97133
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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
    293 Ave Hillsboro, OR 97133
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