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729 NE 3rd St 4,000 SF Retail Building McMinnville, OR 97128 $2,266,862 CAD ($566.72 CAD/SF)



Investment Highlights
- Located on McMinnville's popular Third Street.
- McMinnville is located in the heart of Oregon's wine country.
Executive Summary
Opportunity awaits in quaint McMinnville, Oregon, the heart of Willamette Valley wine country. A classic French bistro with established local clientele and state-wide reach sits on McMinnville's coveted Third Street, spearheading the Downtown's popular food and beverage scene. Open five days a week, the Bistro is largely reservation-only due to high demand and consistent repeat clientele. The Willamette Valley's growing tourism industry provides a healthy boost of out-of-state visitors eager to explore local wineries and fine-dine. The 4,600 SF. building offers space for 45 indoor guests, an additional 50 outdoor guests, and a large private banquet hall upstairs. The kitchen boasts high-end appliances throughout, multiple prep areas, a walk-in refrigerator and freezer, a coffee station, and ample storage. You will also enjoy a 700-bottle, temperature-controlled wine room, a large office, more exterior storage, and abundant employee/owner parking. A residential living space attached to the restaurant also offers three spacious bedrooms, an updated full bathroom, and a living area. *The listing price reflects only the real property. The business can be purchased for an additional amount.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
1925
Price
$2,266,862 CAD
Price Per SF
$566.72 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.14 AC
Zoning
C3 - C-3 General Commercial Zoning
https://mcminnville.municipal.codes/MMC/17.33.010
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
50’ on Third
Amenities
- Courtyard
- Fenced Lot
- Restaurant
- Security System
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162175 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $463,641 CAD |
Property Taxes
Parcel Number
162175
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$463,641 CAD
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WILLCUTS COMPANY REAL ESTATE
729 NE 3rd St
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