Exceptional Investor Opportunity: 3,800 SF Office Building in McMinnville, OR. This modernized property offers prime office space ideal for multiple tenants. Your purchase of this building includes several office suites with private exterior entrances, perfect for subleasing and generating rental income. There is one large area that is currently used for church services, and would make for a wonderful preschool class room, or other use. The current owner is open to leasing the upper level, providing an immediate revenue stream. The building also features a shared updated kitchen, an ADA-compliant restroom, ample natural light, updated flooring, fresh paint, and 14 dedicated parking spaces. Recently updated with a new roof, it includes a versatile outdoor area that can be fenced for recreational or dining use. Located in a rapidly growing area of McMinnville, this property is highly desirable for both investors and business owners. Don’t miss this rare chance to secure a prime asset in an up-and-coming location. Schedule your private showing today!
Low vacancy, full triple net multi-suite office building. Fully rebuilt (before they opened 1-1-2017) from the studs with all new systems. This building has low maintenance costs which are fully absorbed by the tenants.The property is leased under market value with primary tenancies producing tax exempt rent. Average remaining lease length is 3.5 years with several having 60 month options. The property is estimated to produce $18,659 of net income per month, across 12 suites. Leases range from $1.07/SF to $1.60/SF. The building is currently priced at a true cap rate of 4.48%
Rare investment opportunity in fantastic location! 4.2 acres bordering Hwy99, zoned light industrial. Gated, fenced acreage boasts charming pond w/recreation shed, lighted sand volleyball court, expansive gravel lot for extensive parking/storage, two large barns/outbuildings, office, silo, cross-fenced pastures, paddocks & livestock sheds. 2007 manufactured home w/3 bdrms, 2 baths, 1512 sqft & pool. 1999 home w/2 bdrms, 2.5 baths & 1056 sqft.
Commercial site currently improved with 5,545 sf office building having great exposure on a corner site at NE 9th & NE Baker Street (Highway 99w NB) in McMinnville, a growing town popular with tourists and county seat in the middle of Oregon wine country. Mid-century medical-style office or retail space remodeled in the 80?s and more recently in 2018, including new 30-year membrane roof and newer HVAC. Configured as 2-4 suites w/reception desks, restrooms, exam rooms, offices and open areas, which provides flexibility for various uses. 16 on-site parking spaces with drive-through access. Suites: 995sf office, 1,608sf hair salon, and 1,442sf skin care (leased by owner's related business) with 1,500 sf vacant and available. Solid investment, great for owner-user.
Unique commercial building currently being used as winery production and tasting room by a tenant with three years remaining. Two blocks from busy 99W in McMinnville. C-3 zoning allows many potential uses. Property listing for sale of Real Property. Shown by appointment - 24 hour notice required. Too many features to list.
The median home value in McMinnville, OR is $499,900. This is higher than the county median home value of $470,600. The national median home value is $338,100. The average price of homes sold in McMinnville, OR is $499,900. Approximately 60.84% of McMinnville homes are owned, compared to 35.53% rented, while 3.63% are vacant. McMinnville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a McMinnville real estate agent to arrange a tour today!
McMinnville, Oregon has a population of 34,224. McMinnville is less family-centric than the surrounding county with 28.41% of the households containing married families with children. The county average for households married with children is 31.3%.
The median household income in McMinnville, Oregon is $58,692. The median household income for the surrounding county is $73,409 compared to the national median of $69,021. The median age of people living in McMinnville is 37.4 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 34.6 degrees. The average rainfall is approximately 43.1 inches per year, with 3.3 inches of snow per year.