2761 Baseline St Cornelius, OR 97113
For Sale
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This exceptional commercial property at 2761 Baseline Street, Cornelius, Oregon (97113) presents a unique investment opportunity. The site encompasses three tax lots (APN: R402594 / R402576 / R402567) offering flexible acquisition options. A potential buyer can purchase the western parcel (one tax lot) totaling 21,344 square feet, or the eastern parcels (two tax lots) encompassing 22,652 square feet of land plus a 3,989-square-foot retail building. The building, constructed in 1960, requires repairs. Alternatively, the entire property, totaling 43,966 square feet, is available for purchase. The property benefits from high visibility, situated along Baseline Street, which boasts an average daily traffic count of 33,200 vehicles. Zoned C2, Cornelius Highway Commercial, permitted uses include service commercial, auto sales/repairs, auto rentals, general office, medical/dental, restaurants, and hospitality. This prime location in Washington County offers significant potential for redevelopment or adaptive reuse. The property's size and zoning provide considerable flexibility for a variety of commercial ventures. This is a rare chance to acquire a high-traffic, versatile commercial property in a thriving Oregon market.
ANUFACTURED HOME PARK ZONE (MHP) (§ 18.30.010 - § 18.30.090) Chapter 18.35 MULTI-UNIT RESIDENTIAL ZONE (A-2) (§ 18.35.010 - § 18.35.090) Chapter 18.40 GENERAL COMMERCIAL ZONE (C-1) Chapter 18.45 HIGHWAY COMMERCIAL ZONE (C-2) (§ 18.45.010 - § 18.45.070) Chapter 18.50 CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.01…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Cornelius, ORANUFACTURED HOME PARK ZONE (MHP) (§ 18.30.010 - § 18.30.090) Chapter 18.35 MULTI-UNIT RESIDENTIAL ZONE (A-2) (§ 18.35.010 - § 18.35.090) Chapter 18.40 GENERAL COMMERCIAL ZONE (C-1) Chapter 18.45 HIGHWAY COMMERCIAL ZONE (C-2) (§ 18.45.010 - § 18.45.070) Chapter 18.50 CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55
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.