777 4Th StMcMinnville, OR 97128

Property Details for 777 4Th St

Lot size

0.28 AC

Zone code

M1

Property type

Industrial properties

APN

R4421BD 03200

APU

R4421BD03200

Description

This exceptional 5,855-square-foot manufacturing building in McMinnville, Oregon, presents a compelling investment opportunity. Located just one block from the historic downtown area on 777 NE 4th St, this 1980-built, two-story steel structure sits on a 0.28-acre lot and boasts a 20-foot ceiling height. The property includes 10 paved and fenced parking spaces, along with two ADA-compliant restrooms. Significant upgrades include enhanced water service and heavy power capabilities. Currently leased to a tenant with a two-year lease remaining, including a five-year renewal option, this property offers a strong, long-term NNN lease. The M-2 zoning allows for diverse uses, presenting potential for future owner-occupancy. The property's APN is 161880, and its location in the vibrant McMinnville community, near the award-winning 3rd Street, ensures strong potential for future growth and value appreciation. This is a solid investment with a proven track record and significant upside. The property's zip code is 97128.

• Alternative Use

  Use

  Valuation

  Residential

  $2,523,576

  Hospitality

  $2,311,582

  Educational

  $1,923,209

  Medical

  $1,989,351

  Retail

  $2,991,658

Location Insight

City

Mcminnville

County

Yamhill

State

Oregon

Latitude

45.211

Longitude

-123.191

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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