503 E 1ST ST Newberg, OR $ 599,000
503 E 1ST ST
$ 599,000
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503 E 1ST ST

Newberg, OR, 97132
$ 599,000
Bedrooms-- Baths-- Sq 2,060
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Property for Rent in Newberg, OR

for $599,000. This 2,060 square foot property was built in 1921 on a lot size of 0.05.

Bring your business vision to life in the heart of Historic Downtown Newberg! This approximately 2,060 square foot commercial building offers a high-visibility location with great foot traffic and all the charm of Oregon wine country. The spacious front area features high ceilings, abundant natural light, and an open layout ready to adapt to a variety of uses. A semi-private dining or meeting room adds versatility, along with a kitchen and bathroom. In the back, a large storage and utility area provides plenty of functional space, with direct access to the alley for convenient deliveries and loading or unloading. The seller has invested approximately $100,000 in improvements and updates to the property since purchasing in 2024, including all-new electrical and water heater. HVAC was new prior to seller purchasing the property in 2024. With C-3 zoning and a prime downtown location surrounded by local shops, restaurants, tasting rooms, and other businesses, this property is ready for its next chapter. Bring your ideas and make the space your own! Building only for sale; existing business and inventory are not included. Showings available outside of business hours.

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Rental Active

Price

$ 599,000

Taxes

$ 2,481

Style

Commercial

Lot Size

0.05

Year Built

1921

Town/City

Newberg

County/Region

Yamhill

MLS | Web ID

511395673

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Flat
Zoning C-3
Construction Materials Brick
Year Built 1921
Sale Includes Building
Stories Count 1
Property Subtype Commercial
Tax Year 2025
Current Use Bar Restaurant
Parcel Number 48460
Gross Income 0
County Yamhill
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions 99W/E 1st St > Property on the left between N Howard St and N School St
City Newberg
MLS Area _156
Lot Size Square Feet 2178.0
Listing Terms Cash Conventional
Tax Annual Amount 2481.52
Property Condition Existing
Virtual Tour https://my.matterport.com/show/?m=BLpQemu1Jek&brand=0
Lease Type ModifiedGross
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 3000.0
Legal Description E 22' LOT 5 - BLOCK 15 IN CENTRAL ADDITION
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Exterior
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 2060.0
Lot Size Acres 0.05
Road Surface Type Paved
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Internal Only
Street Number 1 503
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* Excluded Features
List By
The Kelly Group Real Estate

Broker

listings@thekellygroup.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$599,000 Listed Price

Map


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503 E 1ST ST, Newberg, OR, 97132 is a Property for Rent at $599,000 with 2,060 sqft and a lot size of 0.05. 503 E 1ST ST was built in 1921. The property's zip code is 97132 which is in Newberg, OR