Current Use by Public Records
- Land
Property Details for R4415 03402
- Lot size
- 7.77 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 7.77-acre industrial land parcel (APN R4415 03402) in McMinnville, Oregon (97128), presents a compelling owner-user development opportunity. Zoned M2 - General Industrial, this flat, rectangular site offers 335,412 square feet of buildable land, priced at $5.20 per square foot for a total asking price of $1,750,000. Located in Yamhill County, the property boasts convenient street frontage on both NE Riverside Drive and NE Miller Street, placing it within McMinnville's thriving industrial district, known for its high occupancy rates. Utilities are readily accessible. The property's central location offers easy access to Highway 99, enhancing logistical efficiency. The site is currently a single tax lot but can be partitioned into multiple lots, providing flexibility for various development scenarios. A wide range of industrial uses are permitted, including manufacturing, repair, compounding, fabrication, processing, packaging, and storage. Pre-fabricated materials for a 16,000 square foot industrial building are available for separate purchase. While preliminary plans exist, they are not yet city-approved. This is a rare opportunity to acquire a significant industrial land holding in a high-demand location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McMinnville
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.284
- Latitude
- 45.1835
