$1 Auction – 0.57 Acre Parcel | 20K VPD | Portland MSA

Highlights:

• Well-Positioned ±0.57-Acre Infill Parcel in Dense Retail Corridor including Lowe’s and Albertsons
• Attractive Demographics with 5-Mile Population of ±37,427 Individuals and Annual Household Income of ±$81,806
• High Traffic Location Along Baker St with 20,710 VPD and Between Two Signalized Intersections
• Favorable C-3 Zoning (General Commercial) with Flexible Uses Permitted including Retail, Professional Office, Restaurant, Self-Storage, and more
• Site benefits from Parking and Cross-Access Easement with Adjacent Urgent Care Building
• Absolute $1 Auction – NO RESERVE!

Description:

RI Marketplace Online Auction April 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2413/1-auction-0.57-acre-parcel-20k-vpd-portland-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=land_2413

Marcus & Millichap is pleased to present a 0.57-acre parcel adjacent to 1755 SW Baker Street (the “Property”) in McMinnville, Oregon. The Property is offered at a substantial discount and offers an investor or owner/user an exceptional opportunity for value enhancement via development and FIRST BID MEETS RESERVE!

The Property consists of ±0.57-acres situated along Baker Street between two signalized intersections. The Property is well positioned with visibility and frontage on Baker Street and benefits from traffic counts of 20,710 vehicles per day. The Property is in a strong retail corridor near a mix of residential, retail, and educational demand generators including Lowe’s, Albertsons, and Linfield University. The Property benefits from C-3, General Commercial Zoning, with flexible uses permitted including retail, professional office, self-storage, and many more. A parking and cross-access easement exists for the benefit of the Property and adjacent BestMed Urgent Care.

McMinnville is a growing city in Yamhill County, located in the Willamette Valley between Portland (40 miles northeast) and the Oregon Coast (50 miles west). The Property is positioned with visibility on Highway 99W which runs through the city, connecting it to Portland, Salem, and Eugene. McMinnville serves as the economic and cultural hub of Oregon’s wine country, home to more than 250 wineries and vineyards. The Property's location offers excellent real estate fundamentals within a robust trade area with a 2024 population of ±37,427 people and average annual household income of ±$81,806 within a 5-mile radius.

Tim Stuart
c/o Fisher Auction Company, Inc.
License: PB#990200191

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