715 NE 5TH ST, McMinnville, OR 97128

Property Description

Incredible opportunity! HISTORIC DOWNTOWN OPPORTUNITY WITH FLEXIBLE BUSINESS ZONING. Located just blocks from downtown McMinnville. Full of character and timeless appeal, this property offers the unique opportunity of Business/Residential zoning, which allows for a variety of potential uses, including operating a VRBO without additional city approval (Buyer to verify with the city) and /or using for office space or both. Whether you're looking for a residence, investment property, short-term rental or space for your business this property offers endless possibilities. The main level boasts a large living & dining area with a charming window seat, high ceilings, many windows offering abundant natural light, plus a cozy multipurpose den/office. Bright open kitchen with generous storage. The main floor also includes a bedroom and updated bathroom with marble floors and a shower/tub combo, and laundry room with a utility sink. The upper level is a unique feature of this property, accessible by a private entrance. Upstairs includes a full kitchen, three additional rooms, and a full bathroom - offering potential for use as a separate apartment, extended living area, or business space. Large unfinished basement with nearly 1000 sq. ft. of additional space. Good sized fenced backyard, patio and covered front and back porches, perfect for entertaining. Additionally, there is a converted garage with heat and electric which offers a great flex space. New furnace and heat pump in 2024, updated electrical panel, updated windows throughout. Buyer to do due diligence on zoning.