707 NE 5th McMinnville

707 NE 5th Street, McMinnville, OR 97128

$650,000 Price

$650,000 Price Per Unit

1 Number of Units

1,906 Building SF

4,321 Land SF

1920 Year Built

Fully leased 1,903 SF Victorian — 4 bedrooms, 2 baths, two full kitchens, and a fourth bedroom with wet bar that lets the floor plan divide cleanly into two independent living areas. Four off-street parking spaces, a rarity this close to Third Street. The building sits high on a corner lot two blocks from Third Street, two from the Yamhill County Courthouse, and two from the Granary District — with the elevation and frontage that make a building get noticed. Built in 1920, its turn-of-the-century detail has been carefully preserved. A single tenant currently leases the entire space. Flexible O-R zoning keeps the other doors open: professional office, live-work, duplex, wine tasting room, or extended corporate stays of 30 days or more. Buy the income, or step into it yourself.

The property occupies a corner lot in downtown McMinnville, two blocks from Third Street, two blocks from the Yamhill County Courthouse, and two blocks from the Granary District — a position that puts three distinct demand drivers within a five-minute walk. Third Street's restaurant row anchors a downtown with one of the most recognized dining concentrations in Oregon outside Portland, drawing steady visitor traffic to a walkable historic core. The courthouse two blocks the other direction sustains a concentration of legal, title, and professional service tenants — the natural absorption pool for O-R zoned space. The Granary District continues to develop as the city's food, beverage, and maker quarter.

President

(503) 222-0282

cory@constantcommercial.com

201226331

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