Vintage Square Center For
For Sale
$2,600,000
2316 E Portland Rd, Newberg, OR 97132
Retail investment opportunity with staggered lease expirations in Newberg.
Property Size8,781 SF
Price / SF$866.67
Days on Market131
Property Features for 2316 E Portland Rd
General Information
Standard status
Active
Size
8,781 SF
Property subtype
Retail
Building Details
Building Size
8,781 SF
Year Built
1970
Listing Agency:
(503) 919-2072
Listed By:
Tim Phommany
Source:
Corfac
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 8 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tim Phommany
Investment Insights
Based on property information with market context.
This commercial real estate opportunity features the Vintage Square Center. The center includes six suites, with one second-generation restaurant vacancy encompassing 3,000 square feet. The property benefits from expense recoveries that are in place to protect the net operating income. The current blended in-place rents are below market in select suites. Staggered lease expirations offer a mark-to-market opportunity for potential investors.
Key Highlights
- Investment opportunity in Vintage Square Center
- 3,000 SF second‑generation restaurant vacancy
- Expense recoveries in place to protect NOI
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
369k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 28%
Groceries 28%
Electronics 2%
Fred Meyer
Groceries
73,568 visits/mo
0.2 miles
Fred Meyer Gas Station
Shops & Services
31,039 visits/mo
0.1 miles
Safeway
Groceries
29,598 visits/mo
0.2 miles
McDonald's
Dining
23,266 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
21,967 visits/mo
0.1 miles
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail investment opportunity with staggered lease expirations in Newberg.
Where is this shopping center located?
The property is located at 2316 E Portland Rd Newberg, OR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Investment opportunity in Vintage Square Center; 3,000 SF second‑generation restaurant vacancy; Expense recoveries in place to protect NOI
