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475 NE 17th St 7,356 SF Retail Building Mcminnville, OR 97128 $1,186,532 CAD ($161.30 CAD/SF) 7.10% Cap Rate
EXECUTIVE SUMMARY
The site is 12,000 SF or 0.28 acres. A total of about 7,356 SF of gross building area is in two light industrial structures which parallel each other, connected by a wide interior doorway. Both buildings were constructed in 1950. The main building of 5,070 SF is divided into the 835 SF tasting room and two small offices of 410 SF to the side at the front, on the ground floor and 270 SF of mezzanine office at the back of the 3,825 SF main warehouse space. A 2,106 SF adjoining secondary warehouse is immediately north of and connected to the main space. The main structure is concrete masonry construction with a barrel roof. Adjoining secondary structure is wood framed and steel clad with approximately 768 SF of cooler space. The property has been a productive winery for many years. Courtesy to buyer's broker.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,356 SF
Building Class
C
Year Built
1954
Price
$1,186,532 CAD
Price Per SF
$161.30 CAD
Cap Rate
7.10%
NOI
$84,244 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.28 AC
Zoning
C3 - General Commercial
Parking
19 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Storage Space
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 133705 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $427,615 CAD |
PROPERTY TAXES
Parcel Number
133705
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$427,615 CAD
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Presented by
Value Advisors
475 NE 17th St
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