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Listed by ELEETE Real Estate
$ 475,000
Est. payment /mo
Price Dropped by $100K
12295 NW CORNELL RD Portland, OR 97229
0.39 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Mcgill Acres
MLS Listing ID 546932754
HOA Y/N No
Annual Tax Amount $5,113
Tax Year 2025
Lot Size 0.390 Acres
Property Sub-Type Mixed Use
Property Description
Create Something Exceptional in Cedar Mill.Calling all entrepreneurs, first-time investors, developers, and business owners seeking a rare opportunity to create, build, and invest in one of Portland's most desirable communities. This level 0.39-acre commercial parcel offers the flexibility to bring your vision to life while building long-term equity in the heart of Cedar Mill.Zoned RC (Transit-Oriented Retail Commercial District), the property supports a wide range of uses, including professional offices, retail, medical and service businesses, clinics, multifamily housing, and mixed-use development. Build your own freestanding office with prominent signage, develop an income-producing investment property, or create a live-work project with retail or office space below and apartments above. Current zoning allows for improvements of up to approximately 5,950 square feet.Ideally situated along a high-visibility corridor near St. Pius X Catholic Church and School, Cedar Mill Bible Church, and the revitalized Cedar Mill Town Center, the property benefits from strong traffic exposure, established neighborhoods, and an affluent customer base. Whether you're an attorney, dentist, optometrist, insurance professional, financial advisor, consultant, or entrepreneur looking to stop paying rent and start building wealth, this property presents a unique opportunity to establish a lasting presence in a thriving community.Cedar Mill continues to evolve into a vibrant, walkable town center. Opportunities to develop a commercial parcel with this combination of location, flexibility, and visibility are increasingly rare. Bring your ideas, create something meaningful, and become part of Cedar Mill's exciting future.
Location
State OR
County Washington
Area _149
Zoning RC
Exterior
Utilities Available SeeRemarks
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Terra Linda
Middle Schools Tumwater
High Schools Sunset
Others
Acceptable Financing Conventional, FHA, VALoan
Listing Terms Conventional, FHA, VALoan
