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12295 NW Cornell Rd, Portland, OR 97229 — photograph 1

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12295 NW Cornell Rd, Portland, OR 97229 — photograph 1
0.39 Acres

12295 NW Cornell Rd, Portland

$475,000

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ActiveMLS®: 546932754Listing held by another brokerage, marked RMLS
Lot size
16,988 sqft
Property type
Land
Days on market
304

Overview

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.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
16,988 sqft
Lot features
Corner Lot
View
No

Schools

High school
Sunset
Middle school
Tumwater
Elementary school
Terra Linda

Location

City
Portland
County
Washington
Zoning
RC
Subdivision
McGill Acres

Taxes and dues

Annual taxes
$5,114 (2025)

Location

12295 NW Cornell Rd, Portland, OR 97229

Map showing the location of 12295 NW Cornell Rd, Portland, OR 97229
© Mapbox © OpenStreetMap

Monthly payment estimate

$2,954 /mo

20% · $95,000
7.00%
Principal and interest
$2,528
Property tax (2025)
$426
Total
$2,954

Estimate only, and not an offer of credit. Assumes 20% down ($95,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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