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159 SE 2nd Ave 1,660 SF Retail Building Hillsboro, OR 97123 $600,000 ($361.45/SF) 6.02% Cap Rate
Investment Highlights
- Single-tenant building
- Previous tenant used for storefront & online retail business
- Seating area, prep kitchen, triple barrel dishwashing sink
- Office w/rollup door in rear of building for shipping and deliveries
Executive Summary
Located in Downtown Hillsboro, this fully leased single tenant commercial building offers stable in-place income in a well-established urban submarket of Washington County. The property is situated near local retail, restaurants, civic uses, and light rail, providing strong accessibility and long-term tenant appeal.
With one tenant in occupancy, the building benefits from simplified management and predictable cash flow. Ongoing redevelopment in the downtown core, combined with a growing residential base and proximity to major employment centers, supports continued demand for well-located commercial space.
With one tenant in occupancy, the building benefits from simplified management and predictable cash flow. Ongoing redevelopment in the downtown core, combined with a growing residential base and proximity to major employment centers, supports continued demand for well-located commercial space.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,660 SF
Building Class
B
Year Built
1950
Price
$600,000
Price Per SF
$361.45
Cap Rate
6.02%
NOI
$36,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.05 AC
Zoning
SCC-DT
Frontage
26’ on SE 2nd Ave
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0702485 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $162,570 |
Property Taxes
Parcel Number
R0702485
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$162,570
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159 SE 2nd Ave
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