Property TypeCommercial Sale
Multi Tenant Investment - Downtown Madras Commercial/Retail properties available. Eight retail spaces of mixed sizes and condition. The properties were built in the 30's, 40's, 50's with updates over the years. There are 4 tax lots, with over 28,000 sq. ft. of property and over 15,000 sq. ft. of retail, office and shop space. All the property will be sold to one Buyer. Currently there are 5 tenants and 3 vacant units that require some upgrades prior to being rented out. The County Market Value of the properties is nearly $1,100,000. Tax Lot 3700 is a corner lot paved parking lot on 5th Street (North Bound US 97/26), used for parking, festivals and food carts potentially. Tax Lot 3600 has 6 rental spaces 100% occupied. Tax Lot 3500 is a large open area with garage areas in the rear on the alley. Currently a Dance Studio, building needs updating. Tax Lot 3000 is a large shop former repair garage with high ceilings and doors. Seller will consider contract to carry terms.