Property summary
This exceptional commercial property, located at 604 W 1st St in Newberg, Oregon, presents a unique investment opportunity. The 2,818 square foot storefront, situated on a generous 0.27-acre lot, boasts an impressive 500+ feet of frontage along Highway 99W, ensuring high visibility and significant exposure to over 39,000 average daily traffic (ADT). Built in 1907, this two-story building, classified as Class C, previously served as an antique shop and offers a versatile space adaptable to a wide range of commercial uses, thanks to its community commercial zoning. The property's history as a converted farmhouse adds to its unique character. The building consists of one structure with a total of 2,818 square feet of net rentable space. This owner/user opportunity in Yamhill County, Oregon (zip code 97132) is priced at $540,000. The property's prime location and high traffic count make it an ideal investment for businesses seeking strong visibility and accessibility.
Property profile
VerifiedCap rate & NOI
Current use
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Art Gallery Painting
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C3 · Newberg, ORZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C3 in Newberg, OR.
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