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29847344
29847345

811 E 1st St, Newberg, OR 97132

EA
OR 200508249
Infinity Real Estate Group-Keller Williams Realty Southern Oregon
Listed by Infinity Real Estate Group-Keller Williams Realty Southern Oregon
$2,590,000
136 days on market
Updated 108 days ago

1888 Building

Details
APN 48914
Property Type Hospitality, Mixed Use (+2)
Sub Type Bar, Restaurant (+1)
Square Footage 7,200
Net Rentable (SqFt) 7,200
Units 5
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $168,914
Price per SqFt $360
Year Built 18882
Buildings 1
Stories 2
Lot Size (SqFt) 7,405
Zoning C3
Investment Type Owner/User

Hospitality | 0.00% CAP

Marketing description

The 1888 Building is a rare opportunity to own a piece of Newberg history in the heart of downtown. Constructed in 1888, this iconic corner building has long been part of the city's commercial core, serving generations of local businesses and residents. Prominently located at 1st and Meridian Street, the property blends historic character with modern versatility. Today, the building offers a compelling mixed-use configuration, featuring ground-floor commercial space ideal for a restaurant, tasting room, retail, or hospitality concept, along with two established residential units on the upper level, currently operating as successful short-term rentals. Original architectural details, strong street presence, and a highly walkable location add to its enduring appeal. With its history, visibility, and built-in income, The 1888 Building offers a unique opportunity for owner-occupants or investors seeking a landmark property in one of Oregon Wine Country's most vibrant downtowns.

Investment highlights

Income Potential Scenario (Illustrative)

Assume:

• 7,000 SF leased

• Annual Rent: $156,000

• Short-Term Rentals (midpoint occupancy): $48,000

• Total Gross Revenue: $204,000

Less Operating Expenses: $35,086

Listing Contacts

EA
OR 200508249
Infinity Real Estate Group-Keller Williams Realty Southern Oregon
Listed by Infinity Real Estate Group-Keller Williams Realty Southern Oregon

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Map

Zoning

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C-3 CommercialCore CommercialCentral Business District
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View all 97 uses
View all 97 uses
Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Erica Abel
License
200508249
Brokerage Phone
541-884-7123
Title
OR
Brokerage Address
628 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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