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.
Active
$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
- 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#: 546932754
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
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $475,000-17.4% |
Source: | ||
| 11/13/2025 | Listed for sale | $575,000-17.3% |
Source: | ||
| 9/15/2020 | Listing removed | $695,000 |
Source: Wooster Realty #20648569 Report a problem | ||
| 3/16/2020 | Listed for sale | $695,000+157.4% |
Source: Wooster Realty #20648569 Report a problem | ||
| 1/15/2002 | Sold | $270,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Climate risks
Neighborhood: Cedar Mill
Nearby schools
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.




