Bar Business with Commercial
For Sale
$300,000
607 E 1ST St, Newberg, OR 97132
CommercialSale, Newberg, OR
Property Size3,200 SF
Lot Size0.12 Acres
Price / SF$93.75
Days on Market124
Property Features for 607 E 1ST St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Directions
607 E. 1st Street (between N School St & N College St)
Subdivision
_156
Standard status
Active
APN
48709
Size
3,200 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
SEE METES & BOUNDS
Legal Description
SEE METES & BOUNDS
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1910
Floors in Building
1
Roof type
Built-Up, Flat
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Simon Wong · License #199910117
(503) 804-2480
Added: Jun 9
Changed: Oct 10
Last Checked: Oct 10 at 11:06AM
MLS# 658135372
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering covers a bar business operating from a 3,200-square-foot premises rather than a transfer of real estate. The layout accommodates approximately 40 seats and includes a full commercial kitchen with a hood, cooler, and freezer. Six poker machines are located at the business, while the ATM and jukebox are vendor-owned.
The premises are positioned on a main street near George Fox University in Newberg, with pass-through traffic noted in the surrounding setting. The building was constructed in 1910 and has C3 zoning, forced-air heating, central air, and a built-up flat roof.
A new lease requires landlord approval and is structured for an initial 5-year term with a 5-year option. Equipment belonging to the landlord is to remain at the property and may not be removed or sold without written approval.
The premises are positioned on a main street near George Fox University in Newberg, with pass-through traffic noted in the surrounding setting. The building was constructed in 1910 and has C3 zoning, forced-air heating, central air, and a built-up flat roof.
A new lease requires landlord approval and is structured for an initial 5-year term with a 5-year option. Equipment belonging to the landlord is to remain at the property and may not be removed or sold without written approval.
Key Highlights
- Business‑only sale; no real estate included
- 3,200 square feet with approximately 40 seats
- Full commercial kitchen with hood, cooler, and freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,085
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,700
$401.7K
Cap Rate 7%
$286,929
$286.9K
Cap Rate 9%
$223,167
$223.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$30.7K $9.60/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$28.7K $8.97/SF
− OpEx
−$8.6K −$2.69/SF
NOI
$20.1K $6.28/SF
Area
Yamhill County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,700
Cap Rate 7%
$286,929
Cap Rate 9%
$223,167
Alternative Uses
Best Use
Specialty Retail
$496.7K
$434.7K – $579.5K
NOI $34,772 @ 7.0% cap · market cap 11.59%
Second Best
Industrial
$286.9K
$251.1K – $334.8K
NOI $20,085 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,463 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Wells Fargo
Shops & Services
4,187 visits/mo
0.0 miles
Burrito Loco
Dining
3,827 visits/mo
0.3 miles
Papa Murphy's
Dining
3,519 visits/mo
0.3 miles
Domino's Pizza
Dining
2,760 visits/mo
0.1 miles
SUBWAY
Dining
2,269 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Forage Café — 210 W 1st St, Newberg, OR 97132
- DAnu Wines Tasting Room — 300 E 1st St, Newberg, OR 97132
- Barley & Vine Tavern — 408 E 1st St, Newberg, OR 97132
- Old Town Bar & Grill — 315 E 1st St, Newberg, OR 97132
- Vino — 315 Pacific Hwy W, Newberg, OR 97132
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar business with a full commercial kitchen, on-site poker machines, and seating for approximately 40 guests.
Where is this bar & pub located?
The property is located at 607 E 1ST St Newberg, OR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Business‑only sale; no real estate included; 3,200 square feet with approximately 40 seats; Full commercial kitchen with hood, cooler, and freezer
