1985 NE Cornell Rd Hillsboro, OR 97124
- Office Properties & Spaces
- 8,021 SF
- 0.41 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1985 NE Cornell Rd
- Year built
- 1978
- Construction
- WOOD FRAME
- Lot size
- 0.41 lot acres
- Property size
- 8,021 SF
- Zone code
- C-G
- Property type
- Office Properties & Spaces
- APN
- 1N232BA-00800
- APU
- 1N232BA00800
Description
This exceptional two-story office building, located at 1985 NE Cornell Rd, Hillsboro, OR 97124, presents a compelling owner-user opportunity. The 7,976 square-foot building, constructed in 2011, is situated on a 0.41-acre lot and boasts a desirable Class B designation. The property features a spacious layout, with 3,545 square feet on the first floor and 4,431 square feet on the second, providing ample room for a growing business. The asking price is $2,500,000, translating to $313.44 per square foot. Ample parking is available with 23 stalls, including one designated for handicap accessibility. The building's location offers a private and serene atmosphere, ideal for a variety of professional uses, including wellness centers, law firms, or financial offices. The property is zoned C-G (City of Hillsboro General Commercial). The 2023-24 property taxes are $12,077.37. This is a rare opportunity to acquire a well-maintained, strategically located office building in the thriving Hillsboro market. The building's size, amenities, and location combine to create a highly attractive investment for an owner-user seeking to establish or expand their business in a prime location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,817,000
- AI Estimate
- $1,817,000
Market price range: $1.22M - $4.16MMarket price range: $1.22M - $4.16M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,550,000 Current use
- MEDICAL BUILDING
- $2,555,000 Change: +0% Conversion: Easy
- RESTAURANT
- $2,430,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.962
- Latitude
- 45.531
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA