The century-old Heider Building has had much work done to it to position it with four street-front retail locations, and eight second-floor walkup apartment units. Much of the engineering and seismic work has been finished and there is potentially grant money available to assist with finishing the electrical and plumbing. We are seeking a buyer with success doing infill rehabilitation projects like this who can take it to the finish line.
Yamhill County is one of the world's finest wine regions and Sheridan is known as the gateway to the Oregon Coastal Mountains and the beautiful Nestucca Watershed. Sheridan's population is around 6,300 and is within a 15-minute drive to both McMinnville OR, and Spirit Mountain Resort and Casino in Grand Ronde. Sheridan is also home to the Federal Correction Institution, which houses up to 1900 inmates and is the largest employer in the market.
Sellers are motivated so please contact the listing agents to get access to additional due diligence information on this great rehabilitation opportunity.