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729 NE 3rd St 4,000 SF Retail Building Mcminnville, OR 97128 $1,995,000 ($498.75/SF)



INVESTMENT HIGHLIGHTS
- Established Clientele Base
- Extremely Walkable Downtown
- Commercial Building with Residential Quarters
EXECUTIVE SUMMARY
Opportunity awaits in quaint McMinnville, Oregon, the heart of Willamette Valley wine country. A classic french bistro with established local clientele, and state-wide reach sits on McMinnville's coveted Third Street, spearheading the Downtown's popular food and beverage scene. Open five days a week, the Bistro is largely reservation-only due to high demand and consistent repeat clientele. The Willamette Valley's growing tourism industry provides a healthy boost of out-of-state visitors, eager to explore local wineries and fine-dine. The 4,600 SF. building offers space for 45 indoor guests, an additional 50 outdoor guests, and a large private hall upstairs. The kitchen boasts high-end appliances throughout, multiple prep areas, a walk-in refrigerator and freezer, a coffee station, and ample storage. You will also enjoy a 700-bottle, temperature-controlled wine room, a large office, more exterior storage, and abundant employee/owner parking. A residential living space attached to the restaurant also offers three spacious bedrooms, an updated full bathroom, and a living area. This is ideal for an owner-operator. Please contact Zach Bernards for more information regarding included inventory, assets, and financials (with proper vetting).
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Year Built
1925
Price
$1,995,000
Price Per SF
$498.75
Tenancy
Single
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.14 AC
Zoning
C3 - C-3 General Commercial Zoning
https://mcminnville.municipal.codes/MMC/17.33.010
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
50’ on Third
AMENITIES
- Courtyard
- Fenced Lot
- Restaurant
- Security System
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162175 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $333,490 |
PROPERTY TAXES
Parcel Number
162175
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$333,490
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WILLCUTS COMPANY REAL ESTATE
729 NE 3rd St
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