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408 1St St Newberg, OR 97132

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For Sale
$850,000

High-yield, leased multi-family building in prime location.

Property size:
2,500 SF

Property Features for 408 1St St

General Information

Property type
Residential income properties
Square Feet
2,500 SF
Lot Size
2,614 SF

Building Details

Year Built
1950

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Listing Contact
Philip Higgins

Listing Agency: Pacific Crest RE Advisors Listing Agent: Philip Higgins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a rare mixed-use building situated on Newberg's First Street, directly adjacent to City Hall. The property encompasses 2,500 square feet on a 0.06-acre lot and features a ground floor commercial space currently leased to Barley & Vine, a well-established tenant. The upper level comprises a residential apartment, adding to the property's diverse income stream. This location offers unparalleled visibility and accessibility within the vibrant Newberg community, known for its thriving wine industry. The existing lease agreement with the ground floor tenant provides a stable and predictable income source. Detailed financial information regarding the property's income is available upon request. This is a unique chance to acquire a well-positioned, income-generating asset in a desirable Oregon wine country location. The property's strategic placement near City Hall ensures high foot traffic and visibility, further enhancing its investment potential. Serious inquiries only. Contact us to schedule a showing and explore this lucrative opportunity. The property is sold as-is.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Reid Rental (Bike/Boat/Book/etc) Store Barley & Vine Tavern Bar & Pub Bunn Bldg. Department Store Daniel Garris Alternative Medicine Practice

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newberg
County
Yamhill
State
Oregon
Longitude
-122.9756
Latitude
45.30005

FAQs

What type of property is this?
Residential income property - High-yield, leased multi-family building in prime location.
Where is this residential income property located?
The property is located at 408 1St St Newberg, OR.
What is the asking price?
The asking price for this property is $850,000.
More about this property
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