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550 N 1st St 12,485 SF 100% Leased Office Building Woodburn, OR 97071 $5,850,000 ($468.56/SF) 25% Cap Rate
INVESTMENT HIGHLIGHTS
- Residential Care Facility
- Boutique hotel
- Completely restored
EXECUTIVE SUMMARY
Own a Piece of Oregon History
Introducing the Old Woodburn City Hall, a landmark property steeped in local heritage and architectural character. Built in 1914 and proudly listed on the National Register of Historic Places, this Renaissance Revival masterpiece once served as the administrative and firefighting heart of Woodburn, Oregon.
Ideally positioned to be used as a residential care facility, this property has been meticulously restored to and optimized for this use. From its elegant buff-colored brick façade to its classic parapet and restored historic detailing, this two-story building blends timeless charm with modern versatility.
Features & Highlights
Historic Architecture: Designed by George M. Post with cast stone trim, firehouse wing, and original “City Hall” cresting detail
Dual-Use History: Originally housed City Council chambers, mayor’s office, and fire engine bays with upstairs firefighter dormitory
Historic Designation: Federally protected with potential tax credits and grants for preservation-minded developers
Strategic Location: Situated in the heart of Woodburn’s emerging downtown, near top wineries, agri-tourism sites, and Highway 99E
Restoration-Ready: Full renovation completed with infrastructure updates while preserving its historic integrity
Adaptive Reuse Approved: Previously permitted for Residential Care Facility use—zoning allows for creative redevelopment
Other ideal uses:
Boutique Hotel or Bed & Breakfast
Winery or Tasting Room
Restaurant or Brewery
Cultural Center or Museum
Creative Office or Event Venue
Total Room Count Summary
Resident Units: 25 Rooms / 37 Beds
Shower Rooms / Bathrooms: 19
Library: 1
Dining Area: 1
Reception Area: 1
Kitchen: 1
Medication Storage Room: 1
Laundry Room: 1
Linen Storage Rooms: 2
Common Areas: 1
Janitor Room: 1
Introducing the Old Woodburn City Hall, a landmark property steeped in local heritage and architectural character. Built in 1914 and proudly listed on the National Register of Historic Places, this Renaissance Revival masterpiece once served as the administrative and firefighting heart of Woodburn, Oregon.
Ideally positioned to be used as a residential care facility, this property has been meticulously restored to and optimized for this use. From its elegant buff-colored brick façade to its classic parapet and restored historic detailing, this two-story building blends timeless charm with modern versatility.
Features & Highlights
Historic Architecture: Designed by George M. Post with cast stone trim, firehouse wing, and original “City Hall” cresting detail
Dual-Use History: Originally housed City Council chambers, mayor’s office, and fire engine bays with upstairs firefighter dormitory
Historic Designation: Federally protected with potential tax credits and grants for preservation-minded developers
Strategic Location: Situated in the heart of Woodburn’s emerging downtown, near top wineries, agri-tourism sites, and Highway 99E
Restoration-Ready: Full renovation completed with infrastructure updates while preserving its historic integrity
Adaptive Reuse Approved: Previously permitted for Residential Care Facility use—zoning allows for creative redevelopment
Other ideal uses:
Boutique Hotel or Bed & Breakfast
Winery or Tasting Room
Restaurant or Brewery
Cultural Center or Museum
Creative Office or Event Venue
Total Room Count Summary
Resident Units: 25 Rooms / 37 Beds
Shower Rooms / Bathrooms: 19
Library: 1
Dining Area: 1
Reception Area: 1
Kitchen: 1
Medication Storage Room: 1
Laundry Room: 1
Linen Storage Rooms: 2
Common Areas: 1
Janitor Room: 1
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,485 SF
Building Class
B
Year Built
1914
Price
$5,850,000
Price Per SF
$468.56
Cap Rate
25%
NOI
$1,462,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,161 SF
Slab To Slab
10’
Building FAR
1.25
Lot Size
0.23 AC
Zoning
DDC
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 105959 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $243,440 |
PROPERTY TAXES
Parcel Number
105959
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$243,440
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550 N 1st St
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