About 435 Ne Evans St
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.
Features of 435 Ne Evans St
| MLS® # | 294269816 |
|---|---|
| Price | $4,500,000 |
| Bathrooms | 0.00 |
| Square Footage | 17,000 |
| Acres | 0.28 |
| Year Built | 1945 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 435 Ne Evans St |
|---|---|
| Area | 156 - Yamhill County including Willamina |
| City | McMinnville |
| County | Yamhill |
| State | OR |
| Zip Code | 97128 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Parking | Assigned, On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Mini Split |
|---|---|
| Cooling | Mini Split |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Roof | Flat |
|---|---|
| Construction | Block, Brick, Concrete |
Additional Information
| Date Listed | May 13th, 2025 |
|---|---|
| Days on Market | 164 |
| Zoning | C3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Constant Commercial Real Estate Inc |
|---|---|
| Contact Info | 503-222-0282 |