Property summary
This exceptional 5,855-square-foot manufacturing building in McMinnville, Oregon, presents a compelling investment opportunity. Located just one block from the historic downtown area on 777 NE 4th St, this 1980-built, two-story steel structure sits on a 0.28-acre lot and boasts a 20-foot ceiling height. The property includes 10 paved and fenced parking spaces, along with two ADA-compliant restrooms. Significant upgrades include enhanced water service and heavy power capabilities. Currently leased to a tenant with a two-year lease remaining, including a five-year renewal option, this property offers a strong, long-term NNN lease. The M-2 zoning allows for diverse uses, presenting potential for future owner-occupancy. The property's APN is 161880, and its location in the vibrant McMinnville community, near the award-winning 3rd Street, ensures strong potential for future growth and value appreciation. This is a solid investment with a proven track record and significant upside. The property's zip code is 97128.
Property profile
VerifiedCap rate & NOI
Current use
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Production Facility Brewery & Distillery
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Restaurant
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
M1 · 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 M1 in Mcminnville, OR.
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