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  • $475,000

    12295 NW Cornell Rd, Portland, OR 97229

    --beds
    0baths
    0.39Acres
    Unimproved Land
    Built in ----
    0.39 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    326 days
    92
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Lee Davies 503-468-4018,

    ELEETE Real Estate,

    Michael Davies 503-593-5051,

    ELEETE Real Estate

    Source: RMLS (OR),MLS#: 546932754MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 0.39 Acres
      • Dimensions: 100' x 150'
      • Features: Corner Lot, Level, SqFt 15000 to 19999
      Details
      • Parcel number: R638625
      • On leased land: Yes
      • Land lease expiration date: 1794441600000
      • Zoning: RC

      Community & HOA

      Community
      • Subdivision: Mcgill Acres
      HOA
      • Has HOA: No
      Location
      • Region: Portland

      Financial & listing details

      • Tax assessed value: $442,510
      • Annual tax amount: $5,113
      • Date on market: 11/12/2025
      • Listing terms: Conventional,FHA,VA Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/3/2026Listed for sale$475,000-17.4%
        Source: RMLS (OR) #546932754 Report a problem
        11/13/2025Listed for sale$575,000-17.3%
        Source: RMLS (OR) #546932754 Report a problem
        9/15/2020Listing removed$695,000
        Source: Wooster Realty #20648569 Report a problem
        3/16/2020Listed for sale$695,000+157.4%
        Source: Wooster Realty #20648569 Report a problem
        1/15/2002Sold$270,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,114 +4.4%$270,590 +3%
        2024$4,900 +6.5%$262,710 +3%
        2023$4,601 +3.3%$255,060 +3%
        2022$4,452 +3.7%$247,640
        2021$4,292 +3.1%--
        2020$4,163 +3.4%$233,430 +3%
        2019$4,027 +3.4%$226,640
        2018$3,895 $226,640 +6.1%
        2017$3,895 +7.6%$213,640 +3%
        2016$3,621 $207,420 +3%
        2015$3,621 +4%$201,380 +3%
        2014$3,481 +3.9%$195,520 +3%
        2013$3,349 +12.5%$189,830 +3%
        2012$2,978 +2.8%$184,310 -41.2%
        2011$2,898 +2.6%$313,480
        2010$2,825 +40.7%$313,480 +5.6%
        2006$2,008 -11.5%$296,990 +32.7%
        2005$2,268 +12.4%$223,870 +0.1%
        2004$2,018 -7.4%$223,690 +8.9%
        2003$2,179 +14.7%$205,430 +6.4%
        2002$1,899 +3%$193,130 +1.9%
        2001$1,844 +11.4%$189,560 +4.3%
        2000$1,655 $181,700
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Cedar Mill

        Getting around

        71 / 100
        Very Walkable
        36 / 100
        Some Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Terra Linda
        • Middle: Tumwater
        • High: Sunset

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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