500 E 1ST ST, Newberg, OR 97132

  • $1,599,950

Overview

  • 13696 Sqft
    Property Size
  • 1910
    Year Built
  • Commercial, Commercial Sale
    Property Type
  • 246018046
    MLS#
  • 0.13 Acres
    Land Area
  • Pacific Crest RE Advisors
    Office Name
  • Philip Higgins
    Agent Name

Description

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.Above, an expansive 5,692-square-foot apartment 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

Details

Updated on March 2, 2026 at 8:06 pm
  • MLS# 246018046
  • Price $1,599,950
  • Property Size 13696 Sqft
  • Land Area 0.13 Acres
  • Garage Size x x
  • Year Built 1910
  • Property Type Commercial, Commercial Sale
  • Property Status Active
  • Office Name Pacific Crest RE Advisors
  • Agent Name Philip Higgins
  • Office Phone 503-793-9039

Additional details

  • Listing Terms Call Listing Agent, Cash, Conventional
  • Roof Flat
  • Sewer Public Sewer
  • Heating Other
  • County Yamhill
  • Property Type Commercial Sale
  • Parking On Street

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