For more information on this property, contact Mike Connell & Alpine Real Estate at 541-480-0120 or Mike@AreCentralOregon.com

481 SW 5th Street
Madras, Oregon OR 97741
Price: $3,900,000
Listing ID 220146897
Status Active
SqFt 18,528
Acres 339.550
Year Built 1965

Property Description:

This is a great commercial opportunity. 80,000 sq. ft. of land, 10 tax lots total, with 4th and 5th streets, the main highway through town, on both sides. Extremely busy, Busy Bee Market and laundry with sales over $3,200,000 in 2021 and this year is set to be better yet. These high sales are without the Oregon Lottery which inflates sales. At least 40,000 sq. ft. is flat and ready to be developed with Madras Store. Rental home is included. These opportunities are rare, call your realtor today so you don't miss out. This is land and business investment. Property sold as is.

Primary Features

County: Jefferson
Property Type: Commercial Sale
Year Built: 1965
Zoning: C2

Interior

Cooling: Central Air, Heat Pump
Flooring: Vinyl
Heating: Forced Air, Heat Pump
Levels: Two

External

Construction Materials: Block
Foundation Details: Slab
Lot Features: Corner Lot, Sprinkler Timer(s)
Lot Size Square Feet: 14790798
New Construction: no
Number of Grade Level Doors: 2
Number of Parking Spaces: 40
Number of Units Total: 3
Parking: Yes
Parking Features: On Street, Parking Lot
Roof: Composition
Sewer: Public Sewer
Water Source: Public

Location

Building Area Source: Assessor
View: City

Additional

Additional Features: 3 Phase Electric, ADA Comply, Kitchen, Laundry Facility, Separate Electric Meters
Business Type: Convenience Store, Laundromat, Real Estate
Covenants, Conditions & Restrictions: no
Dual Listing: no
Foreign Investment in Real Property Tax Act: no
Government Overlay: Opportunity Zone, Urban Renewal
Miscellaneous Information: Urban Reserve
Power Production: Public Utilities
Preferred Escrow Company & Officer: Western Title, Madras
Section: Not Applicable

Financial

Confidentiality/Non-Disclosure Agreement: Yes
Estimated Gross Operating Income: 3200000
Existing Lease Type: Call Listing Agent
Inclusions: Note Equipment list.
Net Operating Income: 400000
Owner Pays: Electricity, Exterior Maintenance, Gas, Insurance, Interior Maintenance, Janitorial Service, Repairs, Sewer, Taxes, Water
Special Assessments: None
Special Listing Conditions: Standard
Tax Annual Amount: 45.82
Tax Block: 7
Tax Lot: 4200
Tax Year: 2021

Zoning Info


Area Info


© 2022 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Alpine Real Estate LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Dick Dodson Realty. Data last updated: Friday, August 19th, 2022 01:13:00 PM.

Contact - Listing ID 220146897

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Mike Connell & Alpine Real Estate

2214 NE Division St.
Bend, OR 97701
Phone: 541-480-0120

Data services provided by IDX Broker
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