114 E 2nd St - Office FOR SALE


Newberg, OR 97132
$449,000 USD
503-583-2581
114 E 2nd St, Newberg, OR for Sale
$449,000 USD
Office - FOR SALE
1/44
null | 5.91% Cap Rate

114 E 2nd St
Newberg, OR 97132


HIGHLIGHTS

  • High Upside Potential
  • Month-to-Month Tenants

OVERVIEW

Multiple Offers received—offer deadline Monday 3/16 at 2PM. Rare opportunity to own a dual-income mixed-use property just one block from the vibrant heart of downtown Newberg. This classic building features four professional office suites downstairs centered around a common reception area, plus a 2-bedroom apartment upstairs with a private exterior entrance. Positioned as a strategic value-add project, the property is ready for a refresh to reach its full potential. Current office tenants are month-to-month and historically below market value, providing an immediate path to increased equity. The site offers eight off-street parking spots and three storage sheds. This is a great opportunity for an investor or owner-user seeking a versatile live-work space in the Yamhill County core.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,090 SF

ZONING

C-3

APN/PARCEL ID

51062

ASK ABOUT THIS PROPERTY

Daniel RobertsPremiere Property GroupMore Info
503-583-2581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel RobertsPremiere Property GroupMore Info
503-583-2581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.