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2320 SE Stratus Ave - LIVE/WORK INDUSTRIAL PROPERTY

5.4 Acres of Industrial Land Offered at $2,500,000 in Mcminnville, OR 97128

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Investment Highlights

5.4 acres

Warehouse with living space.

Executive Summary

Listing is for both Tax lots 540952 and 172501
2300 and 2320 SE stratus ave.
Tax lot 540952 consists of
4449 SF industrial building with 2152 SF residential apartment.
2297 SF of shop/warehouse space on 0.4 acre lot.
Tax lot 172501 is 5.4 acre parcel zoned M1 industrial which is also listed separately on RMLS listing 23055846 for $2m

23202300 SE Stratus (1)

Property Facts

Price	$2,500,000	Property Subtype	Industrial
Sale Type	Investment or Owner User	Total Lot Size	5.40 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$2,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Total Lot Size	5.40 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 2

Price	$2,500,000	Lot Size	5.40 AC
Price Per AC	$462,962.96

Price	$2,500,000
Price Per AC	$462,962.96
Lot Size	5.40 AC

Tax lot 540952 consists of 4449 SF industrial building with 2152 SF residential apartment. 2297 SF of shop/warehouse space on 0.4 acre lot. Tax lot 172501 is 5.4 acre parcel zoned M1 industrial which is listed separately on RMLS listing 23055846

Description

*Under Contract.* Very unique Live/work industrial property with multi-family or commercial development opportunities. Tax lot 540952 consists of 4449 SF industrial building with 2152 SF residential apartment. 2297 SF of shop/warehouse space on 0.4 acre lot. Tax lot 172501 is 5.4 acre parcel zoned M1 industrial which is listed separately on RMLS listing 23055846 at $2M. Both these properties are inside the City of McMinnville’s Three Mile Lane Area Plan and the 5.4 acres has been identified as a potential multi-family development site. Contact listing broker for additional zoning and usage information. Tours of the residential apartment following accepted offers only. Tax lot 540952 only for sale with 5.4 acre lot. Please do not disturb tenants.