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!
Active
$575,000
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
- 243 days |
- 101 |
- 1 |
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 |
|---|---|---|
| 11/13/2025 | Listed for sale | $575,000-17.3% |
Source:  RMLS (OR) #546932754 Report a problem | ||
| 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
GreatSchools rating
- 9/10Terra Linda Elementary SchoolGrades: K-5Distance: 0.9 mi
- 9/10Tumwater Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10Sunset High SchoolGrades: 9-12Distance: 0.8 mi
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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A local agent can set up tours, give advice and negotiate with sellers.
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