503-588-4146
219 S Bridge St, Sheridan, OR for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

219 S Bridge St
Sheridan, OR 97378


HIGHLIGHTS

  • 4 retail units + 8 apartments
  • Grant approved for plumbing and electrical

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

15

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Heider Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,714 SF

ZONING

C

APN/PARCEL ID

224368

ASK ABOUT THIS PROPERTY

Curt ArthurSVN | Commercial Advisors, LLCMore Info
503-588-4146

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Curt ArthurSVN | Commercial Advisors, LLCMore Info
503-588-4146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.