745 Hilary StMcMinnville, OR 97128

Property Details for 745 Hilary St

Year built

1943

Lot size

0.30 AC

Property size (Sq ft)

762 SF

Zone code

C1

Property type

Medical offices

Property subtype

Medical centers

APN

R4429AB 00700

APU

R4429AB00700

Description

This exceptional 3,800 square foot office building presents a lucrative investment opportunity in McMinnville, Oregon. Situated on a 0.3-acre lot, the property boasts multiple office suites, each with its own private exterior entrance, making it ideal for subleasing and generating immediate rental income. One large area, currently used for church services, offers versatile space suitable for a preschool, or other uses. The upper level is available for lease, providing a ready revenue stream for the new owner. The building features a shared, updated kitchen, an ADA-compliant restroom, abundant natural light, updated flooring, and fresh paint throughout. Fourteen dedicated parking spaces are available for tenants and visitors. Recent improvements include a new roof, enhancing the building's longevity and value. A versatile outdoor area provides additional space, potentially suitable for fencing to create a recreational or dining area. Located in a rapidly developing section of McMinnville, this property is highly sought after by both investors and business owners. The combination of multiple income streams, modern updates, and a desirable location makes this a rare opportunity to acquire a prime commercial asset in a thriving market. The property's features and location make it an attractive investment with significant potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $139,989

  6.5%

  $129,221

  7%

  $119,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,018

  Geo Method

  $146,746

• Alternative Use

  Use

  Valuation

  Residential

  $160,234

  Hospitality

  $146,773

  Educational

  $122,114

  Medical

  $126,313

  Retail

  $189,954

Location Insight

City

Mcminnville

County

Yamhill

State

Oregon

Latitude

45.2004

Longitude

-123.205

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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