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 Fea
Listing Provided Courtesy of Eric Squires, All Professionals Real Estate
General Information
24148837
LiveWorkUnit
214
DOM
9583.2 SqFt
7200
1975
I-G
Washington
R1322973
CommercialSale
LiveWorkUnit
SIMMONS ADD TO HILLSBORO, LOT PTS 4-6
Listing Provided Courtesy of Eric Squires, All Professionals Real Estate
Krishna Realty data last checked: Jun 05, 2025 12:07 | Listing last modified Apr 28, 2025 14:56,
Source:
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 Fea
