Marcus & Millichap is pleased to exclusively present for sale or lease 1308 Industrial Loop, the Evoke Winery Distribution warehouse located in Hood River, Oregon. Well situated in Hood River’s Downtown Central Business District (CBD), one-half mile west of the core retail corridor on Oak Street, this Industrial-zoned property boasts magnificent views of Mount Adams and the Columbia River Gorge. It’s ideal for manufacturing and production activities, with complementary commercial services, such as a tasting room. A significant portion of the undeveloped land is immediately developable. A new 8,000 to 12,000 square-foot industrial structure with tasting room can be constructed to dramatically increase cashflow and total rate of return. It’s within one block of other well-established, mixed-use developments. Tenants include Crush Cider Café and New York City Sub Shop.
The two-parcel property consists of an existing 5,574 square-foot single-story warehouse facility, including a 1,000 square-foot covered outdoor shipping and receiving platform, dock and grade-level loading, large 16 foot clear-span rooms, and the structure is well insulated. Large semi tractor-trailers can access the property, circle the structure, and maneuver to loading-dock shipping and receiving. There's room for outdoor storage and easy access to Highway-30, Highway-35, and Interstate-84.
The oversized 1.17-acre (50,965 square-foot) lot provides attractive expansion or development opportunities. Industrial-zoned land is extremely limited in the Hood River area, especially in such close proximity to Downtown and Interstate-84, making this an ideal opportunity to secure 1.17 acres for future development. Other mixed-use developments on Wasco/Industrial Loop have been extremely successful and remain in high demand by tenants. Proposed development options have ranged from 8,000 to 30,000 square-feet of new construction.
