14
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$240,000
Est. payment /mo
1,000 SqFt
Active
15 7th ST Madras, OR 97741
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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
Acres 0.12
Lot Dimensions 0.12
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
Level or Stories One
Structure Type Frame
New Construction No
Construction Frame
Others
Senior Community No
Tax ID 9210
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Tim Davis Group Central Oregon