135 3Rd StMcMinnville, OR 97128

Property Details for 135 3Rd St

Lot size

0.20 AC

Zone code

C

Property type

Office properties

APN

R4420AD 08300

APU

R4420AD08300

Description

This exceptional 813-square-foot office space presents a rare opportunity in the heart of historic downtown McMinnville, Oregon. Located at 135 NE 3rd Street, #137, this single-story, 1940-built building offers a versatile open layout ideal for various professional uses. The unit is an end cap, providing excellent visibility and accessibility. The property boasts on-site parking, a significant advantage in this desirable location. Zoned C3, this space is well-suited for traditional office, creative office, coworking, or executive office needs. The building itself is well-maintained and situated on a 0.2-acre lot. Multiple tenancies are possible within the building. This is a unique chance to secure a prominent presence in McMinnville's thriving downtown area. The property's convenient location along Historic Third Street offers high visibility and easy access to local amenities and businesses. Given the limited availability of comparable spaces in this area, interested parties are encouraged to schedule a viewing promptly. The building consists of one structure with a single story. This 813 square foot space is currently vacant and ready for immediate occupancy. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,616,488

  6.5%

  $1,492,143

  7%

  $1,385,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,385,878

  Geo Method

  $1,694,511

• Alternative Use

  Use

  Valuation

  Residential

  $1,850,258

  Hospitality

  $1,694,826

  Educational

  $1,410,075

  Medical

  $1,458,570

  Retail

  $2,193,450

Location Insight

City

Mcminnville

County

Yamhill

State

Oregon

Latitude

45.2102

Longitude

-123.198

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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