Portland Msa Half Acre

Property Description

RI Marketplace Online Auction April 28-30, 2025

Register to bid on Marketplace:

Marcus & Millichap is pleased to present a 0.57-Acre parcel adjacent to 1755 SW Baker Street (the “Property”) in McMinnville, Oregon. The Property is offered at a substantial discount and offers an investor or owner/user an exceptional opportunity for value enhancement via development and First BID Meets Reserve.

The Property consists of ±0.57-Acres situated along Baker Street between two signalized intersections. The Property is well positioned with visibility and frontage on Baker Street and benefits from traffic counts of 20,710 vehicles per day. The Property is in a strong retail corridor near a mix of residential, retail, and educational demand generators including Lowe's, Albertsons, and Linfield University. The Property benefits from C-3, General Commercial Zoning, with flexible uses permitted including retail, professional office, self-storage, and many more. A parking and cross-access easement exists for the benefit of the Property and adjacent BestMed Urgent Care.

McMinnville is a growing city in Yamhill County, located in the Willamette Valley between Portland (40 miles northeast) and the Oregon Coast (50 miles west). The Property is positioned with visibility on Highway 99W which runs through the city, connecting it to Portland, Salem, and Eugene. McMinnville serves as the economic and cultural hub of Oregon's wine country, home to more than 250 wineries and vineyards. The Property's location offers excellent real estate fundamentals within a robust trade area with a 2024 population of ±37,427 people and average annual household income of ±$81,806 within a 5-mile radius.

Tim Stuart

c/o Fisher Auction Company, Inc.

License: PB