707 NE 5th St - Office FOR SALE


McMinnville, OR 97128
$650,000 USD
503-222-0282
707 NE 5th St, McMinnville, OR for Sale
$650,000 USD
Office - FOR SALE
1/72
null | Request Cap Rate

707 NE 5th St
McMinnville, OR 97128


HIGHLIGHTS

  • Flexible O-R zoning — office, residential, live-work
  • Two blocks from Yamhill County Courthouse and Third Street district
  • Four dedicated off-street parking spaces in the downtown core

OVERVIEW

Single-tenant, 100% leased mixed-use building totaling 1,906 SF on a corner lot in the McMinnville CBD. O-R (Office/Residential) zoning supports professional office, live-work, two-unit residential, tasting room, or extended-stay use of 30 days or more, giving an owner multiple repositioning paths without a zone change. The improvement was constructed in 1920 and retains original architectural detail. Interior configuration includes four rooms convertible to private offices, two full kitchens, and a fourth room with wet bar, allowing the floor plan to be demised into two independent suites. Four dedicated off-street parking spaces — a material advantage in a downtown core where surface parking is constrained. Positioned two blocks from the Yamhill County Courthouse, placing the asset within the county's legal and professional services corridor, and two blocks from both the Third Street retail district and the Granary District. Corner siting with elevated grade provides signage visibility and frontage on two streets. Available as a stabilized single-tenant asset or for owner-user occupancy.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

O-R

APN/PARCEL ID

159269

ASK ABOUT THIS PROPERTY

Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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