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Ground Lease Redevelopment Opportunity

$0
MLS #OR1178631
2512 E Portland Rd, Newberg, OR
Status: Active
Photos
1/3
Property Type
Commercial Acreage
Acreage
1.46 acres
County
Yamhill, OR
Format
Sale
Features
N/A
List Date
Feb 4, 2024
Documents
N/A
Description
Situated in a highly desirable area, this property enjoys excellent visibility and accessibility. It is strategically located at the signalized intersection of HWY 99 and Elliott Rd., near major transportation routes, bustling commercial centers, and residential communities, ensuring a steady flow of potential customers and tenants. The property is available for a ground lease, providing the unique advantage of owning the improvements while leasing the land. This arrangement offers a cost-effective solution for investors, allowing them to maximize their return on investment without the burden of purchasing the land outright. Boasting an expansive lot size, this property offers abundant space for various development opportunities. Whether you envision a retail center, hotel, medical complex, storage unit, or mixed-use project, the possibilities are endless.
Listing Agent
Alex Rhoten
Commercial Mountain West Real Estate
Salem, Oregon
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