516 1St Ave Hillsboro, OR 97123
- Commercial real estate
- 7,200 SF
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 516 1St Ave
- Year built
- 1975
- Lot size
- 0.22 lot acres
- Property size
- 7,200 SF
- Property type
- Commercial real estate
Description
This exceptional 7,200 square foot property, situated on a 0.22-acre lot in Hillsboro, Oregon, presents a compelling investment opportunity. Ideally located immediately off Oregon Highway 219, this I-G zoned land offers unparalleled accessibility and visibility. The substantial building footprint provides ample space for a variety of commercial uses, making it suitable for diverse development projects. Detailed information regarding existing leases and tenants is available within the Developer's Packet, accessible through the RMLS Documents Section. This packet provides comprehensive insights into the property's current status and potential future applications. The strategic location near Highway 219 ensures convenient access to major transportation routes, enhancing its appeal for businesses seeking efficient logistics and a strong presence in the Hillsboro market. The 0.22-acre lot offers flexibility for expansion or future development, catering to evolving business needs. This property represents a rare chance to acquire a well-positioned industrial space with significant potential for growth and return on investment. Serious inquiries are encouraged to review the comprehensive Developer's Packet for a complete understanding of this unique opportunity. The property's I-G zoning allows for a wide range of industrial and commercial uses, making it an attractive proposition for developers and investors alike. Don't miss this chance to secure a prime piece of commercial real estate in the thriving Hillsboro area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.989
- Latitude
- 45.5171