500 E 1st St - Storefront Retail/Residential FOR SALE


Newberg, OR 97132
$1,599,950 USD
503-793-9039
500 E 1st St, Newberg, OR for Sale
$1,599,950 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

500 E 1st St
Newberg, OR 97132


OVERVIEW

Positioned in the heart of Newberg within the renowned Willamette Valley Wine Country, 500 E 1st is a distinguished 1910-era brick landmark offering approximately 14,000 square feet of character-rich mixed-use space. This historical structure blends early 20th-century craftsmanship with flexible modern functionality, presenting a rare opportunity for retail, tasting room, or creative commercial users seeking authentic architectural presence in Oregon’s premier wine country. The main floor encompasses roughly 5,692 square feet of open, light-filled space highlighted by an atrium-like vertical volume and a dramatic second-floor mezzanine that creates visual connectivity and a dynamic customer experience. Expansive brick walls, generous ceiling heights, and vintage structural details establish a warm, timeless ambiance that is increasingly scarce in contemporary commercial inventory. Second Floor: an expansive 5,692-square-foot 2nd floor comprises the mezzanine level for the retail space and a separate apartment which provides exceptional live/work potential, executive housing, or short-term lodging conversion (subject to local approvals). The layout supports multiple living zones while maintaining privacy from the commercial level below, making the property equally suited for an owner-operator or as an income-producing asset. The building also includes a 2,312-square-foot basement, currently utilized as wine lockers, offering ideal conditions for storage, wine-related uses, or additional tenant support space. A secondary alley entrance creates the potential for a separate tenant suite, enhancing leasing flexibility and diversified revenue streams. Altogether, this one-of-a-kind turn-of-the-century charmer delivers historic appeal, functional versatility, and irreplaceable location—an exceptional investment and user opportunity in the core of Newberg’s vibrant downtown corridor. Bonus: adjacent Downtown infill parcel: ±10,018 SF (0.23 acres) available for $330,000

FOR SALE DETAILS

PRICE

$1,599,950 USD

PRICE/SF

$114 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hollingsworth Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,689 SF

ZONING

C-3

APN/PARCEL ID

46952

ASK ABOUT THIS PROPERTY

Philip HigginsPacific Crest Real Estate AdvisorsMore Info
503-793-9039

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Philip HigginsPacific Crest Real Estate AdvisorsMore Info
503-793-9039

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