2512 E Portland Rd, Newberg, OR

Land for Lease - 63,598 SqFt Available


Agent Info

Shadya Jones
Coldwell Banker Commercial Mountain West Real Estate

Property Info

CIMLS#482923
Location
  2512 E Portland Rd
  Newberg OR 97132
UpdatedFebruary 12th, 2024
TypeLand
PriceUpon Request
Building63,598 SqFt

Property Description

Situated in a highly desirable area, this property enjoys excellent visibility and accessibility. It is strategically located at the signalized intersection of HWY 99 and Elliott Rd., near major transportation routes, bustling commercial centers, and residential communities, ensuring a steady flow of potential customers and tenants.

The property is available for a ground lease, providing the unique advantage of owning the improvements while leasing the land. This arrangement offers a cost-effective solution for investors, allowing them to maximize their return on investment without the burden of purchasing the land outright.

Boasting an expansive lot size, this property offers abundant space for various development opportunities. Whether you envision a retail center, hotel, medical complex, storage unit, or mixed-use project, the possibilities are endless.