516 S 1st Ave Hillsboro, OR 97123

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!