500 E 1ST ST Newberg, OR $ 1,599,950
500 E 1ST ST
$ 1,599,950
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500 E 1ST ST

Newberg, OR, 97132
$ 1,599,950
Bedrooms-- Baths-- Sq 13,696
500 E 1ST ST, Newberg, OR 97132 - Image 1
500 E 1ST ST, Newberg, OR 97132 - Image 2
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500 E 1ST ST, Newberg, OR 97132 - Image 4
500 E 1ST ST, Newberg, OR 97132 - Image 5
500 E 1ST ST, Newberg, OR 97132 - Image 6
500 E 1ST ST, Newberg, OR 97132 - Image 7

Property for Rent in Newberg, OR

for $1,599,950. This 13,696 square foot property was built in 1910 on a lot size of 0.13.

Positioned in the heart of Newberg within the renowned Willamette Valley Wine Country, 500 E 1st is a distinguished 1910-era brick landmark offering approximately 14,000 square feet of character-rich mixed-use space. This historical structure blends early 20th-century craftsmanship with flexible modern functionality, presenting a rare opportunity for retail, tasting room, or creative commercial users seeking authentic architectural presence in Oregon’s premier wine country.The main floor encompasses roughly 5,692 square feet of open, light-filled space highlighted by an atrium-like vertical volume and a dramatic second-floor mezzanine that creates visual connectivity and a dynamic customer experience. Expansive brick walls, generous ceiling heights, and vintage structural details establish a warm, timeless ambiance that is increasingly scarce in contemporary commercial inventory.Second Floor: an expansive 5,692-square-foot 2nd floor comprises the mezzanine level for the retail space and a separate apartment which provides exceptional live/work potential, executive housing, or short-term lodging conversion (subject to local approvals). The layout supports multiple living zones while maintaining privacy from the commercial level below, making the property equally suited for an owner-operator or as an income-producing asset.The building also includes a 2,312-square-foot basement, currently utilized as wine lockers, offering ideal conditions for storage, wine-related uses, or additional tenant support space. A secondary alley entrance creates the potential for a separate tenant suite, enhancing leasing flexibility and diversified revenue streams.Altogether, this one-of-a-kind turn-of-the-century charmer delivers historic appeal, functional versatility, and irreplaceable location—an exceptional investment and user opportunity in the core of Newberg’s vibrant downtown corridor.Bonus: adjacent Downtown infill parcel: ±10,018 SF (0.23 acres) available for $330,000

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Rental Active

Price

$ 1,599,950

Taxes

$ 12,871

Style

Commercial

Lot Size

0.13

Year Built

1910

Town/City

Newberg

County/Region

Yamhill

MLS | Web ID

246018046

Features
General
Sewer PublicSewer
Heating Other
Roof Flat
Zoning CC
Construction Materials Brick
Year Built 1910
Sale Includes Building Other Sign
Stories Count 2
Property Subtype Commercial
Tax Year 2025
Current Use Other Retail TastingRoom
Parcel Number 46952
Gross Income 0
County Yamhill
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions 1st & Howard
City Newberg
MLS Area _156
Lot Size Square Feet 5662.0
Listing Terms CallListingAgent Cash Conventional
Tax Annual Amount 12871.13
Property Condition Approximately
Lease Type MonthToMonth
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SEE METES & BOUNDS
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Exterior
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 13696.0
Lot Size Acres 0.13
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Pacific Crest Re Advisors

Broker

503-793-9039

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2026$1,599,950 Listed Price

Map


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500 E 1ST ST, Newberg, OR, 97132 is a Property for Rent at $1,599,950 with 13,696 sqft and a lot size of 0.13. 500 E 1ST ST was built in 1910. The property's zip code is 97132 which is in Newberg, OR