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503 E 1st St 2,060 SF Retail Building Newberg, OR 97132 $599,000 ($290.78/SF)
Investment Highlights
- Downtown Newberg Location
- New electrical, HVAC and water heater
- Open Layout with High Ceilings
Executive Summary
Bring your business vision to life in the heart of Historic Downtown Newberg! This approximately 2,060 square foot commercial building offers a high-visibility location with great foot traffic and all the charm of Oregon wine country. The spacious front area features high ceilings, abundant natural light, and an open layout ready to adapt to a variety of uses. A semi-private dining or meeting room adds versatility, along with a kitchen and bathroom. In the back, a large storage and utility area provides plenty of functional space, with direct access to the alley for convenient deliveries and loading or unloading. The seller has invested approximately $100,000 in improvements and updates to the property since purchasing in 2024, including all-new electrical and water heater. HVAC was new prior to seller purchasing the property in 2024. With C-3 zoning and a prime downtown location surrounded by local shops, restaurants, tasting rooms, and other businesses, this property is ready for its next chapter. Bring your ideas and make the space your own! Building only for sale; existing business and inventory are not included. Showings available outside of business hours.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
2,060 SF
Building Class
C
Year Built
1940
Price
$599,000
Price Per SF
$290.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.91
Lot Size
0.05 AC
Zoning
C3 - C-3
Frontage
17’ on E 1st St
Amenities
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 48460 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $153,782 |
Property Taxes
Parcel Number
48460
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$153,782
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Contact the Sale Advisor
503 E 1st St