
1888 Building
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
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