Property summary
This exceptional 3,800 square foot office building presents a lucrative investment opportunity in McMinnville, Oregon. Situated on a 0.3-acre lot, the property boasts multiple office suites, each with its own private exterior entrance, making it ideal for subleasing and generating immediate rental income. One large area, currently used for church services, offers versatile space suitable for a preschool, or other uses. The upper level is available for lease, providing a ready revenue stream for the new owner. The building features a shared, updated kitchen, an ADA-compliant restroom, abundant natural light, updated flooring, and fresh paint throughout. Fourteen dedicated parking spaces are available for tenants and visitors. Recent improvements include a new roof, enhancing the building's longevity and value. A versatile outdoor area provides additional space, potentially suitable for fencing to create a recreational or dining area. Located in a rapidly developing section of McMinnville, this property is highly sought after by both investors and business owners. The combination of multiple income streams, modern updates, and a desirable location makes this a rare opportunity to acquire a prime commercial asset in a thriving market. The property's features and location make it an attractive investment with significant potential for future growth and profitability.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Home Health Care Service Aged Care
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Mcminnville, ORZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C1 in Mcminnville, OR.
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Find the owner behind the property.
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