12295 NW Cornell Rd Portland, OR 97229
Estimated payment $3,450/month
Highlights
- 0.39 Acre Lot
- Corner Lot
- No Heating
- Terra Linda Elementary School Rated A-
- No HOA
About This Lot
Prime Cedar Mill development opportunity! This level 0.39-acre parcel is ideally located in Portland’s highly desirable 97229 zip code—home to executives from Nike and Intel. Zoned RC (Transit-Oriented Retail Commercial District), this property offers exceptional flexibility for future development. Current zoning allows for improvements up to 5,950 sq. ft. and supports a wide range of permitted uses, including retail businesses, professional offices, clinics, service establishments, and multi-family housing.Situated on a high-traffic corridor in the heart of Cedar Mill, this rare parcel is perfect for investors, developers, or business owners ready to stop paying rent and start building equity. Cedar Mill is growing and evolving into a vibrant, walkable town center community—don’t miss your chance to be part of it!
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,114
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 100' x 150'
- Corner Lot
- Level Lot
- Land Lease expires 11/12/26
- Property is zoned RC
Home Design
- Mixed Use
Schools
- Terra Linda Elementary School
- Tumwater Middle School
- Sunset High School
Community Details
- No Home Owners Association
- Mcgill Acres Subdivision
Listing and Financial Details
- Assessor Parcel Number R638625
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,900 | $278,700 | -- | -- |
| 2025 | $4,900 | $270,590 | -- | -- |
| 2024 | $4,601 | $262,710 | -- | -- |
| 2023 | $4,601 | $255,060 | $0 | $0 |
| 2022 | $4,452 | $255,060 | $0 | $0 |
| 2021 | $4,292 | $240,430 | $0 | $0 |
| 2020 | $4,163 | $233,430 | $0 | $0 |
| 2019 | $4,027 | $226,640 | $0 | $0 |
| 2018 | $3,895 | $220,040 | $0 | $0 |
| 2017 | $3,755 | $213,640 | $0 | $0 |
| 2016 | $3,621 | $207,420 | $0 | $0 |
| 2015 | $3,481 | $201,380 | $0 | $0 |
| 2014 | $3,412 | $195,520 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | For Sale | $575,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Chicago | |
| Warranty Deed | -- | Chicago | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Personal Reps Deed | $270,000 | -- |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 546932754
APN: R0638625
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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