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814 E 2nd St 8,800 SF 100% Leased Retail Building Newberg, OR 97132 $950,000 ($107.95/SF)
Executive Summary
Multi-Tenant Property with Vacant Commercial Suite Perfect for an Owner-user or Investor
A vacant commercial suite, paired with short-term leases on the occupied spaces, creates a unique opportunity for either an owner-user or an
investor interested in repositioning or repurposing the property with a variety of uses, including a wine production facility or tasting room.
The property includes: a vacant commercial suite, auto garage, two studio apartments, and a rear storage space.
A vacant commercial suite, paired with short-term leases on the occupied spaces, creates a unique opportunity for either an owner-user or an
investor interested in repositioning or repurposing the property with a variety of uses, including a wine production facility or tasting room.
The property includes: a vacant commercial suite, auto garage, two studio apartments, and a rear storage space.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,800 SF
Building Class
C
Year Built
1964
Price
$950,000
Price Per SF
$107.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.35 AC
Zoning
C-3 Central Business
Parking
5 Spaces (0.57 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Automated System Controls
- Professional, Scientific, and Technical Services
- -
- -
- -
- Lou Kovacs
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Automated System Controls | Professional, Scientific, and Technical Services | - | - | - | ||
| Lou Kovacs | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 47407 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $459,804 |
Property Taxes
Parcel Number
47407
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$459,804
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814 E 2nd St
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