Views - Seller Financing
Address
43 NW Cherry Lane Madras, OR
Price
$ 1,095,000
Property Attributes
  • MLS#220116723
  • TypeCommercial
  • CountyJEFFERSON
  • CityMadras
  • Zip97741
  • StyleAgriculture,Appliances,Arts and Entertainment,Athl
  • Year Built2003
  • Taxes$ 13300
  • Price$ 1,095,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11000
  • Lot Size3.24 Acres
Listing Provided Courtesy Of:
Willow Canyon Group
Data Source:
MLS of Central Oregon (MLSCO) - 61 - OR
Property Description

This industrial Flex Building built in 2003 on 3.24 acres fronting US Hwy 26 and NE Cherry Lane in the Madras Industrial Park, Eagle Ridge Business Park. Zone C-1. The building is100% occupied and has been since it was built 17 years ago. Site plan has 2 acres for expansion, 3 additional buildings contemplated, heavy demand for additional space. Located in the Opportunity Zone which is beneficial to those with 1031 exchanges and the Madras Enterprise Zone that can provide property tax abatement to certain traded sector employment options. Building has 6 roll up doors, 4 of which are 12' wide by 14' high. The property has a monument sign along US Hwy 26 complete with landscaping, excellent curb appeal. The building is fully sprinkled for fire.The current development uses just over 1 acre, with 2 acres for expansion. CAP rate is figured at $750,000 value in current building and $350,000 in additional land. Broker Rick Allen owns 50% of the building.

Price History
2/17/2021 Listed $1,095,000

General Features

# Of Units Total 6
Additional Features 3 Phase Electric, ADA Comply, Office Space, Separate Electric Meters, Separate Gas Meters
Basement None
Construction Materials Steel Framing
Cooling None
Flooring Concrete
Heating Natural Gas, Other
Levels One, Two
New Construction Y/N No
Property Type F
Roof Metal
Section Not Applicable
Security Features Fire Sprinkler System
Sewer Public Sewer
View Cascade Mountains, Territorial
Zoning Industrial

Interior Features

Common Walls 1 Common Wall
Window Features Storm Window(s)

Exterior Features

Foundation Slab
Lot Description Corner Lot, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Lot Size Acres 3.24
Lot Size Square Feet 141134.00
Parking Details: # Of Parking Spaces 25
Parking Details: Parking Yes
Parking Details: Vehicles/average Daily Traffic 7000
Parking Features Asphalt, Parking Lot
Road Surface Type Paved
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 97741

Price
AVG $500K
$1.1M
Taxes
AVG $3,926
$13,300
Visits
AVG 42
71
Year Built
AVG 1977
2003
Walkscore
AVG 34
10
Data Provided by Walkscore ® not using MLS data