515 Pacific Hwy Woodburn, OR 97071

This exceptional 3,136 square foot, two-story office building, located at 515 S Pacific Hwy in Woodburn, Oregon (97071), presents a compelling value-add investment opportunity. Built in 1906 and renovated in 1942, this Class B property sits on a 0.72-acre lot and is currently vacant. The building's permitted zoning is CG-LU, although a change of zoning may be required depending on the intended use. Previously operating as a bed and breakfast, the property's numerous rooms are well-suited for conversion into single or multi-tenant executive office space, potentially catering to professionals in fields such as insurance, legal, or accounting. The building boasts Pacific Highway frontage and ample parking. The asking price is $729,900, translating to $232.75 per square foot. Note that the property shares a private well with the adjacent property via an easement and management agreement. The property is offered AS-IS, and potential buyers should conduct their own due diligence, particularly given the building's age. The Marion County Assessor's Parcel Number (APN) is 602275. This landmark building on Highway 99 presents a unique chance to acquire a piece of Woodburn history and capitalize on its redevelopment potential.