1453 61St AveHillsboro, OR 97124

Property Details for 1453 61St Ave

Lot size

0.72 AC

Property size (Sq ft)

29,547 SF

Zone code

SCR-V

Property type

Retail space

APN

1N227DC-70011

APU

1N227DC70011

Description

This exceptional retail property, located at 1453 NE 61st Ave in Hillsboro, Oregon, presents a unique investment opportunity. Situated within the Orenco Station Town Center, this 16,222 square foot strip center offers two available suites, providing flexibility for various retail concepts. The property boasts high visibility and accessibility, benefiting from its location in a thriving mixed-use development. Individual suites range from a minimum of 1,972 square feet to a maximum contiguous space of 14,250 square feet, catering to a wide range of business needs. Currently, the entire 16,222 square feet is vacant, presenting a blank canvas for a single large tenant or the opportunity to lease to multiple tenants. The property is located in Washington County, Oregon, with a zip code of 97124. Its prime location within the Orenco Station Town Center ensures high foot traffic and exposure to a diverse customer base. This is an exceptional opportunity to establish a presence in a vibrant and rapidly growing community. The property's size and layout offer significant potential for customization and adaptation to suit specific business requirements. Don't miss this chance to secure a prominent retail space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,878,590

  6.5%

  $9,118,699

  7%

  $8,467,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,706,016

  Geo Method

  $14,339,206

• Alternative Use

  Use

  Valuation

  Residential

  $7,691,964

  Hospitality

  $7,045,798

  Educational

  $5,862,020

  Medical

  $6,063,624

  Retail

  $9,118,699

Location Insight

City

Hillsboro

County

Washington

State

Oregon

Latitude

45.5343

Longitude

-122.919

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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