- ADDRESS:
- 440 N 14TH AVE Cornelius, OR 97113
- VIDEOS:
- Print this Listing
- Price:
- $500,000
- Ft²:
- 0
- Acres:
- 0.34
- MLS#:
- 126704531
- Lot Size:
- 10,000 to 14,999 SqFt
- Type:
- Land
- Zone:
- CR
- County:
- Washington
- Status:
- Active
- Elem:
- Cornelius
- Middle:
- Tom McCall
- High:
- Forest Grove
- Lot Desc:
- Corner Lot
- Area:
- Hillsboro, Forest Grove
- Courtesy of:
- Sunline Realty Group
- Remarks:
- Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.