0 293 Ave, Hillsboro, OR 97133
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.