1. Oregon
  2. Mc Minnville
  3. 435 Ne EVANS St
$4,500,000

435 Ne EVANS St, Mc Minnville, OR 97128

  • 17,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $265/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Fully restored and renovated historic downtown McMinnville NNN, multi-tenant office building presents a compelling investment opportunity characterized by stable, 100% occupancy. Significantly renovated down to the concrete and studs in 2017, this property features all-new, ultra-efficient systems, including energy-saving windows, modern Daikin mini-split HVAC units, cost-effective LED lighting, a comprehensive alarm and camera system all under a brand-new, durable 50-year PVC roof. All major systems are entirely replaced, including new above and underground plumbing and electrical infrastructure. 7 on-site parking spots and additional public parking garage across the street. The full triple-net (NNN) lease structure ensures a streamlined management experience with all operating expenses, including the low maintenance costs associated with the new systems, being fully absorbed by the tenants. Investors will appreciate the upside market rental rates, along with the benefit of primary tenancies generating tax-exempt income. Seller willing to carry attractive terms with large down payment.

Listing Status:
Active
Date Added:
May 13, 2025 at 05:00AM
Listing Office:
Constant Commercial Real Estate Inc : 503-222-0282
Listing Agent:
Cory Carlson : 503-222-0282
MLS ID:
294269816
  • A/C: Mini split
  • Heating: Mini split

This listing courtesy of Cory Carlson, Constant Commercial Real Estate Inc

Location

Schools Nearby

M

Memorial Elementary School

501 NW 14th St, McMinnville, OR, 97128

Grades KG-5

0.63 miles away

D

Duniway Middle School

575 NW Michelbook Ln, McMinnville, OR, 97128

Grades 6-8

0.73 miles away

M

McMinnville High School

615 NE 15th St, McMinnville, OR, 97128

Grades 9-12

0.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.