516 S 1ST AVE, Hillsboro, OR 97123

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$1,375,000

bedrooms

bathrooms

square feet

7,200

Acreage

0.22

Open Houses

year built

1975

Full Baths

Half Baths

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FOR SALE: 516 S 1st Ave, Hillsboro, OR 97123 | Prime IG Zoned Investment OpportunityUnlock the potential of this versatile 7,200 sq ft property located in the heart of Hillsboro’s thriving industrial corridor. Zoned IG (General Industrial), this property offers a rare combination of immediate cash flow and future upside — making it ideal for investors or owner-users. Property Highlights:•Size: 7,200 sq ft•Zoning: IG (General Industrial)•First Floor: Fully leased for 10 years starting at $7,500/month with 10% annual rent increases. New owner option to cancel the existing lease with 90 days notice.•Second Floor: Partially leased at $2,500/month. Remaining space includes an approximately 1,400 sq ft, 2-bedroom, 1-bath apartment ready for lease or occupancy.•Current CAP Rate: Approximately 8%, with strong upside potential. Investment Features:•Immediate rental income from established tenants•Additional income opportunity with vacant apartment•Flexible IG zoning suitable for a wide variety of industrial, office, or flex space uses•Close proximity to downtown Hillsboro, major arterials, and TriMet access Seller Terms:•Seller will consider ALL offers•Seller financing available•Creative financing options welcomed This is a rare chance to secure a well-located, income-producing asset with built-in growth potential. Whether expanding your portfolio or securing a flexible building for your own use, 516 S 1st Ave is a strategic opportunity you don't want to miss.Contact us today to schedule a private tour and explore the possibilities!

Location
Subdivision	-
County	Washington
Elementary School	-
Middle School	-
High School	-

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MLS number: 24148837

Listing agent: Eric Squires

Listing broker: All Professionals Real Estate (503) 459-1623

Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 29 2025 at 11:41 a.m. EDT

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