2316 E Portland Rd
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2316 E Portland Rd
8,781 SF 100% Leased Retail Building Newberg, OR 97132 $1,840,000 ($210/SF)
Investment Highlights
- 50 on-site parking spaces
- Excellent visibility on Hwy 99W on Portland Road
- Property has 6 long-term clients who are well-known in Newberg community
Executive Summary
***NEW PRICE!***
For Sale: Vintage Plaza - Prime Retail/Office Strip in the Heart of Newberg!
Don't miss out on this incredible investment opportunity! Vintage Plaza, located on the bustling Portland Road in Newberg, is now on the market. This well-maintained retail/office strip features 6 long-term tenants, offering stability and consistent cash flow. With 8,781 rentable square feet and ample parking space for 50 vehicles, this property guarantees maximum exposure and convenience for both tenants and customers. Situated on Highway 99W, Vintage Plaza enjoys excellent visibility, ensuring high foot traffic and easy accessibility. Its central location puts it right in the heart of Newberg's thriving commercial district, surrounded by a bustling community and a diverse range of businesses. Whether you are an investor looking to expand your portfolio or an entrepreneur seeking the perfect location for your retail or office venture, Vintage Plaza is an opportunity you cannot afford to miss. Contact us today and explore the endless potential that this property has to offer. Price: $1,840,000 (Note: Information provided is believed to be accurate but not guaranteed) Please do not disturb Tenants. Property shown to buyer with accepted offer only.
For Sale: Vintage Plaza - Prime Retail/Office Strip in the Heart of Newberg!
Don't miss out on this incredible investment opportunity! Vintage Plaza, located on the bustling Portland Road in Newberg, is now on the market. This well-maintained retail/office strip features 6 long-term tenants, offering stability and consistent cash flow. With 8,781 rentable square feet and ample parking space for 50 vehicles, this property guarantees maximum exposure and convenience for both tenants and customers. Situated on Highway 99W, Vintage Plaza enjoys excellent visibility, ensuring high foot traffic and easy accessibility. Its central location puts it right in the heart of Newberg's thriving commercial district, surrounded by a bustling community and a diverse range of businesses. Whether you are an investor looking to expand your portfolio or an entrepreneur seeking the perfect location for your retail or office venture, Vintage Plaza is an opportunity you cannot afford to miss. Contact us today and explore the endless potential that this property has to offer. Price: $1,840,000 (Note: Information provided is believed to be accurate but not guaranteed) Please do not disturb Tenants. Property shown to buyer with accepted offer only.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,781 SF
Building Class
C
Year Built
1970
Price
$1,840,000
Price Per SF
$210
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
C-2-Commercial
Parking
50 Spaces (5.69 Spaces per 1,000 SF Leased)
Frontage
113 FT on Portland Rd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 56389 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $766,677 |
PROPERTY TAXES
Parcel Number
56389
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$766,677
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2316 E Portland Rd
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