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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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12295 NW Cornell Rd , Portland, OR 97229
$475,000
Est. Payment: $2,425.90/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 295
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ELRE01 - DAVIESLE,MDAVIES
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House 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.

Highlights

Listed by Lee Davies , 503-468-4018 and Michael Davies , 503-292-1500 ELEETE Real Estate , 503-292-1500. Portland Regional Multiple Listing Service mls logo

Property Type

Vacant Land

Lot/Acreage
0.39

County

Washington

Area

149 - NW Washington Co or Sauvie Island

Neighborhood

McGill Acres

Listing ID

546932754

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Level,Corner Lot
Lot Dimensions:100' x 150'
Zoning:RC
Principal Interest
$2,426
Taxes
$426

Home Price

$475,000

Loan Details

30 yrs
6.596%

Down Payment

20%
$95,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,425.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,425.90 $426.13 $0.00 $2,852.03
Yearly $29,110.80 $5,113.52 $0.00 $34,224.32
Total $873,323.87 $153,405.60 $0.00 $1,026,729.47

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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Data last updated: 2026-09-07T13:53:59.000Z

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