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Madras,OR 97741
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $240
Subdivision Palmain
MLS Listing ID 220206313
Year Built 1978
Annual Tax Amount $1,657
Lot Size 5,227 Sqft
Property Description
Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1,000sqft. building is on a corner lot with its own parking area. Subject to tenant lease; on a 1-year lease of $1,000/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.
Location
State OR
County Jefferson
Community Palmain
Interior
Heating/Cooling Heat Pump
Exterior
Parking Features RV Access/Parking,Parking Lot
Roof Type Composition
Parking RV Access/Parking,Parking Lot
Building
Lot Description Corner Lot
Foundation Slab
Water Public
Structure Type Frame
New Construction No
Construction Frame
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard