Heider Building | 219 S Bridge St
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Heider Building 219 S Bridge St
15 Unit Apartment Building For Sale Sheridan, OR 97378
Investment Highlights
- 4 retail units + 8 apartments
- Grant approved for plumbing and electrical
Executive Summary
The century-old Heider Building has had much work done to it to position it with four street-front retail locations, and eight second-floor walkup apartment units. Much of the engineering and seismic work has been finished and there is potentially grant money available to assist with finishing the electrical and plumbing. We are seeking a buyer with success doing infill rehabilitation projects like this who can take it to the finish line.
Yamhill County is one of the world's finest wine regions and Sheridan is known as the gateway to the Oregon Coastal Mountains and the beautiful Nestucca Watershed. Sheridan's population is around 6,300 and is within a 15-minute drive to both McMinnville OR, and Spirit Mountain Resort and Casino in Grand Ronde. Sheridan is also home to the Federal Correction Institution, which houses up to 1900 inmates and is the largest employer in the market.
Sellers are motivated so please contact the listing agents to get access to additional due diligence information on this great rehabilitation opportunity.
Yamhill County is one of the world's finest wine regions and Sheridan is known as the gateway to the Oregon Coastal Mountains and the beautiful Nestucca Watershed. Sheridan's population is around 6,300 and is within a 15-minute drive to both McMinnville OR, and Spirit Mountain Resort and Casino in Grand Ronde. Sheridan is also home to the Federal Correction Institution, which houses up to 1900 inmates and is the largest employer in the market.
Sellers are motivated so please contact the listing agents to get access to additional due diligence information on this great rehabilitation opportunity.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,379
|
$0.26
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,379
|
$0.26
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $4,379 |
| Annual Per SF | $0.26 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,379 |
| Annual Per SF | $0.26 |
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 224368 | Total Assessment | $351,726 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $4,379 ($0.26/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
224368
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$351,726 (2024)
Annual Taxes
$4,379 ($0.26/SF)
Tax Year
2023
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
Contacts
-
Curt Arthur -
Nick Williams, CCIM -
Toran Schmidgall -
SVN | Commercial Advisors, LLC
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Heider Building | 219 S Bridge St
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