111 SE 3rd St
Hillsboro, OR 97123
Retail Property For Sale

The American National Bank Building presents an opportunity to capitalize on a historic mixed-use, value-add property located on one of the most prominent corners of Downtown Hillsboro. The property features five office spaces on the second floor and two retail suites on the ground level. Currently, the retail space is fully occupied. One of the upstairs office suites is currently vacant, presenting a rare opportunity for an owner/user if so desired. Originally constructed in 1911, the American National Bank Building has been updated many times over the years, yet retains many original features that accentuate the charm of a vintage Hillsboro building. In the epicenter of Central Hillsboro, the American National Bank Building earns a Walk Score of 91/100 and is considered a "walker's paradise" as most daily errands can be achieved on foot. Central Hillsboro hosts over 120 restaurants, bars and coffee shops. Located directly on the MAX transit line, this property is ideally located for commuters and provides great viability for ground level tenants. Current retail and office rents at the American National Bank Building trail market by 24 percent. Some tenants are on month-to-month agreements. An investor can quickly come in to ownership of this property and increase rents to current market rents. The property is priced on current income.