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435 NE EVANS ST McMinnville, OR $ 5,000,000
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$ 5,000,000 Get more info
435 NE EVANS ST
$ 5,000,000
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435 NE EVANS ST

McMinnville, OR, 97128
$ 5,000,000
Baths0.0 Sq 17,000

Monthly Estimate*

$ 33,232

435 NE EVANS ST, McMinnville, OR 97128 - Image 1
435 NE EVANS ST, McMinnville, OR 97128 - Image 2
435 NE EVANS ST, McMinnville, OR 97128 - Image 3
435 NE EVANS ST, McMinnville, OR 97128 - Image 4
435 NE EVANS ST, McMinnville, OR 97128 - Image 5
435 NE EVANS ST, McMinnville, OR 97128 - Image 6
435 NE EVANS ST, McMinnville, OR 97128 - Image 7
Studio

Commercial Property for sale in McMinnville, OR

for $5,000,000. This 17,000 square foot building was built in 1945 on a lot size of 0.28.

Low vacancy, full triple net multi-suite office building. Fully rebuilt (before they opened 1-1-2017) from the studs with all new systems. This building has low maintenance costs which are fully absorbed by the tenants.The property is leased under market value with primary tenancies producing tax exempt rent. Average remaining lease length is 3.5 years with several having 60 month options. The property is estimated to produce $18,659 of net income per month, across 12 suites. Leases range from $1.07/SF to $1.60/SF. The building is currently priced at a true cap rate of 4.48%

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Commercial Active

Price

$ 5,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,688

Style

Office

Lot Size

0.28

Year Built

1945

Town/City

McMinnville

County/Region

Yamhill

MLS | Web ID

23225891
Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling Other
Roof Flat
Zoning C3
Construction Materials Block Brick Concrete
Year Built 1945
Sale Includes Building Land
Stories 3
Property SubType Office
Tax Year 2023
Current Use MedicalDental Office ProfessionalService
Gross Income 0
County Yamhill
Operating Expense 0
Property Type CommercialSale
Status Active
Directions In the corner of NE 5th St & NE Evans St
City McMinnville
MLS Area _156
Lot Size Square Feet 12196.0
Street Name EVANS
Listing Terms Cash Conventional
Tax Annual Amount 10688.84
Days on Market 177
Lease Type NNN
Standard Status Active
Legal Description BLOCK 18 IN MCMINNVILLE ORIGINAL TOWN OF
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Exterior
Parking Features OnSite
Water Source PublicWater
Total Parking 6.0
Number of Buildings 1
Building Area Total 17000.0
Lot Size Acres 0.28
Road Surface Type Paved
Other Equipment SmokeDetector
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Interior
Street Suffix ST
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Internal Only
Street Number 1 435
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

King@KWcommercial.com

Email

Affordability Calculator

$34,122
Per Month
97%
3%
0%
Monthly Principal & Interest
$33,232
Monthly Property Taxes
$891
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/27/2023$5,000,000 Listed Price

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435 NE EVANS ST, McMinnville, OR, 97128 is a Commercial Property for sale at $5,000,000 with 17,000 sqft and a lot size of 0.28. 435 NE EVANS ST is a studio with 0.0 baths and was built in 1945. The property's zip code is 97128 which is in McMinnville, OR

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