$1375000
Price cut: $25K (04-28-2025)
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Bed
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Bath
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7200 SqFt
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379 DOM
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Built: 1975
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Status: Active
Love this home?
FOR SALE: 516 S 1st Ave, Hillsboro, OR 97123 | Prime IG Zoned Investment Opportunity Unlock 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 9.74%, 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.Call today to schedule a private tour and explore the possibilities!
Listing Provided Courtesy of Eric Squires, All Professionals Real Estate
General Information
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24148837
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LiveWorkUnit
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379 DOM
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9583.2 SqFt
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7200
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1975
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I-G
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Washington
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R1322973
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CommercialSale
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LiveWorkUnit
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SIMMONS ADD TO HILLSBORO, LOT PTS 4-6
Listing Provided Courtesy of Eric Squires, All Professionals Real Estate
PDXA1 Realty Group data last checked: Oct 10, 2025 12:15 | Listing last modified Oct 10, 2025 01:28,
Source:
Residence Information
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7200
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Other
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OffStreet,OnSite
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2
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1975
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No
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Features and Utilities
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ForcedAir
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PublicSewer
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Gas
Financial
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3064.8
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CallListingAgent,Cash,Contract,Conventional,LeaseOption
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09-26-2024
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No
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No
Comparable Information
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379
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379
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CallListingAgent,Cash,Contract,Conventional,LeaseOption
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$1,500,000
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$1,375,000
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Oct 10, 2025 01:28
Schools
Map
Listing courtesy of All Professionals Real Estate.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Oct 10, 2025 12:15 | Listing last modified Oct 10, 2025 01:28.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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