550 N 1st St - Medical FOR SALE


Woodburn, OR 97071
$4,900,000 USD
503-830-1074
550 N 1st St, Woodburn, OR for Sale
$4,900,000 USD
Medical - FOR SALE
1/51
null | Request Cap Rate

550 N 1st St
Woodburn, OR 97071


HIGHLIGHTS

  • ADA showers and Bathrooms
  • Commercial Kitchen
  • Designed for Residential Care Facility

OVERVIEW

Rare Historic Investment Opportunity in the Heart of Downtown Woodburn Presenting a one-of-a-kind historic commercial asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now vacant and turnkey, ready for its next chapter. Spanning 13,848 square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies. Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility—just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw. This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

DDC

APN/PARCEL ID

105959

ASK ABOUT THIS PROPERTY

Adriana GavozdeaPremiere Property GroupMore Info
503-830-1074

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Adriana GavozdeaPremiere Property GroupMore Info
503-830-1074

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