607 1St St Newberg, OR 97132
- Investment properties
- 5,100 SF
- 0.12 lot acres
Current Use by Public Records
- Vineyard Bar and Grill / Restaurant / Asian Fusion Restaurant
- Teri Gypsy Fix / Delivery Service
- Tess Adorne Inc / Delivery Service
- Burright Realty Group Llc / Real Estate Agency
- Triplex / Apartment Building
Property Details for 607 1St St
- Year built
- 1910
- Lot size
- 0.12 lot acres
- Property size
- 5,100 SF
- Property type
- Investment properties
Description
This thriving restaurant and bar business in Newberg, Oregon, presents a unique investment opportunity. Located on a highly visible main street location, the 5,100 square foot space boasts a well-appointed interior with seating for approximately 80 patrons, split between a dining room and bar area. The property features two fully equipped kitchens, ideal for efficient food preparation and service. The business benefits from its proximity to George Fox University, ensuring a steady stream of customers. Currently operating five days a week due to staffing limitations, there's significant potential for increased revenue with expanded hours. The current annual rent is $19 per square foot, inclusive of NNN expenses. The sale includes the business only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newberg
- County
- Yamhill
- State
- Oregon
- Longitude
- -122.9737
- Latitude
- 45.30058
