516 S 1ST AVE

Hillsboro, 97123

  • Bed

  • Bath

  • 7200 SqFt

  • 383 DOM

  • Built: 1975

  • Status: Active

$1,375,000

Price cut: $25K (04-28-2025)

X

516 S 1ST AVE

Hillsboro 97123

$1375000

Price cut: $25K (04-28-2025)

  • Bed

  • Bath

  • 7200 SqFt

  • 383 DOM

  • Built: 1975

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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!

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Residence Information

  • 7200

  • Other

  • OffStreet,OnSite

  • 2

  • 1975

  • No

Features and Utilities

  • ForcedAir

  • PublicSewer

  • Gas

Financial

  • 3064.8

  • CallListingAgent,Cash,Contract,Conventional,LeaseOption

  • 09-26-2024

  • No

  • No

Comparable Information

  • 383

  • 383

  • CallListingAgent,Cash,Contract,Conventional,LeaseOption

  • $1,500,000

  • $1,375,000

  • Oct 14, 2025 00:24

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. Krishna Realty data last checked: Oct 14, 2025 00:01 | Listing last modified Oct 14, 2025 00:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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