700 E 1st St Local commercial 882 m² 100 % Loué À vendre Newberg, OR 97132 1 984 601 € (2 249,82 €/m²)

Prime Corner Location in the Heart of Historic Downtown Newberg
Experience a rare opportunity to own a piece of Newberg’s history. This iconic Romanesque-style building, situated on a high-visibility downtown corner, seamlessly blends turn-of-the-century character with modern structural integrity. Formerly a fraternal meeting hall and later the Ben Franklin Bank, this landmark property has been meticulously maintained and is currently a premier professional office venue.
The Opportunity
This is a stabilized, “turn-key” investment featuring a single, long-term tenant. With recent capital improvements and a location that defines the “center of town,” this property offers both immediate cash flow and long-term asset appreciation.
Building Specifications
Total Office Space: 6,330 SF (Fully outfitted for professional use)
Storage: Full basement (3,100+ SF) providing ample archival or utility space.
Parking: Rare on-site parking lot with 16 dedicated spaces.
Architecture: Classic Romanesque masonry with timeless curb appeal.
Key Upgrades & Maintenance
Invest with confidence knowing the heavy lifting has already been done:
New Roof: Installed in 2022.
HVAC: Updated rooftop units in 2025 for peak efficiency.
Seismic Integrity: Full seismic upgrade and masonry reinforcement completed in 2006.
Renovation: Total interior/exterior professional renovation completed in the mid-2000s.
Location: A Walkable Hub
Located on a central corner in Historic Downtown Newberg, this property boasts a “Walker’s Paradise” atmosphere.
Surroundings: Immediately adjacent to thriving retail shops, art galleries, and professional services.
Amenities: Steps away from Newberg’s best restaurants and cafes.
Visibility: High-traffic corner location ensures the building remains a local landmark.
Investment & Viewing Terms
Note to Investors: This property is fully leased to a stable, long-term tenant. To ensure business continuity for the occupant, please do not disturb the tenant.
VIDEO: https://vimeo.com/1173400903/a423dacb82