12295 NW CORNELL RD
Portland, OR, 97229 $ 475,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 3,281
for $475,000. The lot size is 0.39.
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.
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FeaturesGeneralUtilities SeeRemarks
Zoning RC
Property Subtype MixedUse
Tax Year 2025
Current Use Commercial Retail
Parcel Number R638625
County Washington
Property Type Land
HOA N
Subdivision Name McGill Acres
Other Structures Commercial Sidewalk
Status Active
Directions NW Dale St x NW Cornell Rd
High School Sunset
City Portland
Disclosures Disclosure
MLS Area _149
Lot Size Square Feet 16988.0
Listing Terms Conventional FHA VALoan
Elementary School Terra Linda
Tax Annual Amount 5113.52
Middle/Junior High School Tumwater
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MCGILL ACRES LOT PT 39 ACRES 0.39
Land Lease Expiration Date 2026-11-12
ADU False
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ExteriorLot Features CornerLot
Lot Dimensions 100' x 150'
Lot Size Acres 0.39
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,281
- Monthly Property Taxes
- $426
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Portland, OR
Average List Price $761,796
Percent of Sale Price 60%
About Portland, OR 160,339 Population
0% Since 2002
$ 0 Median Income
0 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949959 Elementary School
3491742 Middle School
Sunset High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $475,000 | -17.39% | Price Down |
| 11/13/2025 | $575,000 | | Listed Price |