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    219 Bridge St Sheridan, OR 97378

    Sponsored
    For Sale
    Contact for pricing

    Mixed-use building, prime location.

    Property size:
    13,594 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the Heider Building, a 13,594 square foot mixed-use property located at 219 S Bridge St, Sheridan, OR 97378, in Yamhill County. Built in 1900, this two-story, Class C building sits on a 13,594 square foot lot (APN 224368) and is zoned C. Currently configured as a multi-family (8 apartments) and retail (4 units) space, the Heider Building offers significant potential for an owner/user. The property is ideally situated in Sheridan, a town of approximately 6,300 residents, providing convenient access to McMinnville (15 minutes) and Spirit Mountain Resort and Casino (15 minutes). Sheridan's strategic location serves as a gateway to the Oregon Coastal Mountains and the Nestucca Watershed, and benefits from the presence of the Federal Correction Institution, a major local employer. Extensive renovations have already been completed, including significant engineering and seismic upgrades. The property is poised for completion, with potential grant funding available to finalize electrical and plumbing work. This is an ideal project for an experienced developer seeking a rewarding infill rehabilitation opportunity in a thriving Oregon community. The anticipated occupancy date is November 20, 2024. The seller is motivated to find the right buyer to complete this promising project.

    Property Features for 219 Bridge St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,594 SF
    Class
    C

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.39536811
    Latitude
    45.09776251

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building, prime location.
    Where is this mixed-use property located?
    The property is located at 219 Bridge St Sheridan, OR.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Bridge St Sheridan, OR 97378
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