Contacts

Curt Arthur, SIOR

SVN | Commercial Advisors

Property Details

Property Type Multi-Family
Property Size 13,594 SF
Units 12
Lot Size 0.31 Acre
Additional Rent Contact for pricing
Year Built 1900
Date Updated Dec 10, 2024

Yamhill County is one of the world's finest wine regions and Sheridan is known as the gateway to the Oregon Coastal Mountains and the beautiful Nestucca Watershed. Sheridan's population is around 6,300 and is within a 15-minute drive to both McMinnville OR, and Spirit Mountain Resort and Casino in Grand Ronde. Sheridan is also home to the Federal Correction Institution, which houses up to 1900 inmates and is the largest employer in the market.The century-old Heider Building has had much work done to it to position it with four street-front retail locations, and eight (8) second-floor walkup apartment units, and one ADA unit on the first floor. Much of the engineering and seismic work has been finished and there is potentially grant money available to assist with finishing the electrical and plumbing. We are seeking a buyer with success doing infill rehabilitation projects like this who can take it to the finish line. Please contact the listing agents to learn more about possible grant money available to assist with the remodel costs; timing of closing; and to get access to additional due diligence information on this great rehabilitation opportunity.

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Highlights

4 retail units
8 apartments upstairs (1-studio, 3- 1bdrm, 3- 2 bdrm, 1 - 3 bdrm)
1 studio apartment downstairs
Potential grant money available

Attachments

Getting around

59/100
Walk Score ®
50/100
Bike Score ®

Powered by Walk Score ®

City Sheridan, OR
Zip Code 97378

Points of Interest

WCEH Grand Ronde

9.33 miles
Spirit Mountain Station

9.33 miles
ChargePoint

9.59 miles

Brightridge Farm Bed and Breakfast

2.70 miles
Spirit Mountain Lodge

9.60 miles

In-Depth Research Available for this Property

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Heider Building

219 S Bridge St, Sheridan, OR 97378