$1599950
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Bed
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Bath
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13696 SqFt
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1 DOM
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Built: 1910
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Positioned in the heart of Newberg within the renowned Willamette Valley Wine Country, 500 E 1st is a distinguished 1910-era brick landmark offering approximately 14,000 square feet of character-rich mixed-use space. This historical structure blends early 20th-century craftsmanship with flexible modern functionality, presenting a rare opportunity for retail, tasting room, or creative commercial users seeking authentic architectural presence in Oregon’s premier wine country.The main floor encompasses roughly 5,692 square feet of open, light-filled space highlighted by an atrium-like vertical volume and a dramatic second-floor mezzanine that creates visual connectivity and a dynamic customer experience. Expansive brick walls, generous ceiling heights, and vintage structural details establish a warm, timeless ambiance that is increasingly scarce in contemporary commercial inventory.Above, an expansive 5,692-square-foot apartment provides exceptional live/work potential, executive housing, or short-term lodging conversion (subject to local approvals). The layout supports multiple living zones while maintaining privacy from the commercial level below, making the property equally suited for an owner-operator or as an income-producing asset.The building also includes a 2,312-square-foot basement, currently utilized as wine lockers, offering ideal conditions for storage, wine-related uses, or additional tenant support space. A secondary alley entrance creates the potential for a separate tenant suite, enhancing leasing flexibility and diversified revenue streams.Altogether, this one-of-a-kind turn-of-the-century charmer delivers historic appeal, functional versatility, and irreplaceable location—an exceptional investment and user opportunity in the core of Newberg’s vibrant downtown corridor.Bonus: adjacent Downtown infill parcel: ±10,018 SF (0.23 acres) available for $330,000
Listing Provided Courtesy of Philip Higgins, Pacific Crest RE Advisors
General Information
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246018046
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Commercial
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1 DOM
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5662.8 SqFt
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13696
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1910
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CC
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Yamhill
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46952
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CommercialSale
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Commercial
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SEE METES & BOUNDS
Listing Provided Courtesy of Philip Higgins, Pacific Crest RE Advisors
Krishna Realty data last checked: Mar 03, 2026 15:16 | Listing last modified Mar 02, 2026 12:06,
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