Commercial for Sale: 435 EVANS ST, McMinnville, OR 97128

17,000 sqft
$5,000,000
$5,000,000
435 EVANS ST, McMinnville, OR 97128
17,000 sqft
$5,000,000
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Price:
$5,000,000
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Type Commercial
Square Feet 17,000 sqft
Lot Size 0.28 acres
Year Built 1945
Taxes Paid $11,321
City Mc Minnville
Area 156 - Yamhill County including Willamina
County Yamhill
MLS 23225891
Status Active
DOM 390 days
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%

Lot & Building Features

Construction Block, Concrete, Brick
Cooling Other
Heating Mini Split
Parking Description On Site
Sewer Public Sewer
Water Public Water

Price History of 435 EVANS ST, McMinnville, OR

Date Name Price Difference
11/27/2023 Listing Price $5,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Shirley Cox, GRI, SRES
Shirley Cox, GRI, SRES
REALTOR, Managing Broker
Direct: 541-490-3139
Office
65 NE Estes
White Salmon, WA 98672
509-493-1783
Listed by Keller Williams Realty Portland Premiere, Bradley King
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0.2264246%
6.75%
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435 EVANS ST (MLS #23225891) is a commercial listing located in McMinnville, OR. This commercial listing is 17,000 sqft and on a lot of 12,196 sqft (or 0.28 acres) and is 79 years old. This property was listed on 11/27/2023 and has been priced for sale at $5,000,000.

Nearby zip codes are 97101, 97111, 97114 and 97127. This property neighbors other cities such as Amity, Carlton, Dayton and Lafayette.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Realty Portland Premiere

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Pacific Rim Brokers are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.