The city of Newberg is moving forward with the sale of the Butler Property, a quarter-acre parcel located across from city hall. After declaring the land surplus in May 2024, the city has received two offers for its purchase. Among the interested buyers, Portland developer Keystone LLC has presented a letter of intent to acquire the property for $350,000, which notably exceeds its 2024 appraisal value of $257,500. This sale marks a significant step in the city's development efforts.
The Butler Property, a quarter-acre parcel opposite city hall in Newberg, has generated interest after being declared surplus, leading to offers from potential buyers.
Portland-based Keystone LLC has submitted a letter of intent to purchase the property for $350,000, significantly higher than its appraised value of $257,500 in 2024.
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