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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
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PUBLISHED RESERVE:
$525,000
LAST ASKING PRICE: $550,000
SIZE:
16,455± Square Foot Building on 12,000±
Square Foot Site
ZONING:
C-3
PROPERTY INSPECTION:
Date
Time
Monday, April 28
12:00 noon to 2:00 p.m.
Saturday, May 10
10:00 a.m. to 12:00 noon
FINANCING:
Subject to Seller’s approval of
Purchaser’s credit:
Term: 15 to 20 year full amortizing loan
Loan to Value: Loan to be appraised or cost value, whichever is less, not to exceed 65%
Rate: Federal Home Loan Bank fixed rate index plus 3% adjustable every 5 years with a floor rate of 5.5%
Fees: 1% plus usual customary third party costs
DESCRIPTION:
This three-story, 16,455± square foot multi-tenant office building is located at the corner of
NE Fifth and NE Evans, by the Yamhill County Courthouse and the Board of Commissioners offices, and is a
potential mixed-use redevelopment opportunity for offices, studio apartments, work/live units or private school.
The General Commercial (C-3) zoning allows mixed uses. It is within a few blocks of McMinnville’s Historic
Downtown District which has McMenamins Hotel Oregon, along with quaint boutiques, wineries, unique shops
Office Building byYamhill CountyOffices andHistoricDowntownDistrict
McMinnville, Oregon
NE Evans St.
NE 5th St.
Yamhill County
Courthouse
Downtown
Historic
District
Hotel
Oregon
City Parking
Garage
N
