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.
| Property Type | Redevelopment Land |
|---|---|
| Listing ID | LN3N3B |
| Style | Other Style |
| Building Size | 63,598 SF |
| Lot Size | 1.46 AC |
Area Description: Newberg is home to 22,645 + people and enjoys a diverse economic base. The city is located approximately 25 miles southwest of Portland, Oregon, on US Highway 99W on the northeast side of Yamhill County situated in the heart of the Willamette Valley wine region, which is renowned for its award-winning Pinot Noir wines. The economy is primarily driven by agriculture, with a particular focus on the wine industry. Other major industries in the area include manufacturing, healthcare, and education. Newberg is also home to George Fox University, a private Christian liberal arts university that offers undergraduate and graduate programs in a variety of fields. Newberg has seen growth in the tourism, technology, and renewable energy sectors in recent years. This economic diversification has contributed to the city’s resilience and its ability to attract new businesses and investment.
Region: Oregon
Region: Newbert
| Lot Size: | 1-2 Acres |