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707 NE 5th St 1,906 SF 100% Leased Office Building McMinnville, OR 97128 $650,000 ($341.03/SF)
Investment Highlights
- Flexible O-R zoning — office, residential, live-work
- Four dedicated off-street parking spaces in the downtown core
- Two blocks from Yamhill County Courthouse and Third Street district
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Building Size
1,906 SF
Building Class
B
Year Built
1920
Price
$650,000
Price Per SF
$341.03
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,906 SF
Building FAR
0.44
Lot Size
0.10 AC
Zoning
O-R
Parking
4 Spaces (2.09 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- High Ceilings
- Drop Ceiling
- Wi-Fi
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 159269 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $241,206 |
Property Taxes
Parcel Number
159269
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$241,206
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707 NE 5th St