Property profile

0 293 Ave Hillsboro, OR 97133

OFF-MARKET
Land
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Property summary

AI-generated overview

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 profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

293 Ave Hillsboro, OR 97133
Hillsboro metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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