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1050 E Antler Ave - Redmond Industrial Site 19.8 Acres of Industrial Land Offered at $8,400,000 in Redmond, OR 97756
INVESTMENT HIGHLIGHTS
- Central Oregon's exponential growth fuels economic expansion
- Strategic infrastructure investment through Redmond's Eastside Bypass Project
- Greater Redmond area enterprise zone
- Low cost of doing business
- Robust employment base
- Connectivity to major cities on the West Coast
EXECUTIVE SUMMARY
The strategic location of the Site, adjacent to Highway 97 and just 2.8 miles from Redmond Municipal Airport (RDM), ensures convenient access to major metropolitan areas along the West Coast. The Property will directly benefit from Redmond’s upcoming $33 million Eastside Arterial Project, which will significantly enhance the Site’s accessibility and connectivity, positioning it at a crucial node in Redmond’s evolving industrial transportation network.
Central Oregon has experienced substantial growth over the past decade, with Deschutes County’s employment base increasing by 45% since 2010. Redmond offers some of the lowest operating costs in the Pacific Northwest, including affordable industrial land costs, tax abatement, and fast-track permitting. Electricity rates in Redmond are 10% below the national average, contributing to favorable operating expenses.
The Site is located within the Greater Redmond Area Enterprise Zone, allowing investors to capitalize on substantial tax incentives, including up to 15 years of property tax exemptions for eligible businesses. This designation, combined with Redmond’s low operating costs and the region’s robust employment base of over 122,501 workers, makes the Property an attractive option for businesses seeking efficient logistics networks and access to a skilled workforce.
With its strategic location, strong economic fundamentals, and the backing of Redmond’s proactive infrastructure investments, this Property presents a unique opportunity to capitalize on Central Oregon’s economic growth and expanding industrial sector.
PROPERTY FACTS
| Price | $8,400,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Industrial |
| No. Lots | 1 | Total Lot Size | 19.80 AC |
| Property Type | Land | ||
| Zoning | Light Industrial (M-1) - • Light manufacturing and production • Research and development facilities • Logistics and distribution centers • Aviation and transportation-related | ||
| Price | $8,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 19.80 AC |
| Zoning | Light Industrial (M-1) - • Light manufacturing and production • Research and development facilities • Logistics and distribution centers • Aviation and transportation-related |
1 LOT AVAILABLE
Lot 1513150000
| Price | $8,400,000 | Lot Size | 19.80 AC |
| Price Per AC | $424,242.42 |
| Price | $8,400,000 |
| Price Per AC | $424,242.42 |
| Lot Size | 19.80 AC |
Located alongside Highway 97 and the Deschutes River, the Property offers unrivaled proximity to Downtown Redmond, having exceptional access to freeways, public transit, and the employment base of Central Oregon.
DESCRIPTION
Redmond is launching a transformative $33 million infrastructure project to construct a new Eastside arterial network, addressing the growing road congestion as the city’s population expands. This strategic investment, set to begin construction in 2025, aims to provide residents and travelers with alternative routes across Redmond, effectively alleviating traffic on Highways 97 and 126. The three-year plan includes constructing new roadways, connecting existing ones, and adding two new roundabouts. The project will extend 9th Street through the old Juniper Golf Course, featuring two lanes with bike paths, and upgrade existing sections of 9th Street with additional lanes and potential sidewalks or multi-use paths. Two key roundabouts will be constructed: one at the new intersection of 9th Street and Highway 126 and another at the junction of 9th Street, Veterans Way, and Airport Way. The Site will directly benefit from this development, being strategically located at the intersection of E Antler Ave and NE 9th St. The project’s focus on upgrading 9th Street will significantly enhance the Site’s accessibility and connectivity. Furthermore, the planned roundabouts will improve traffic flow in the area, positioning the Site at a crucial node in Redmond’s evolving transportation network. This infrastructure investment not only addresses immediate transportation needs but creates new development opportunities, particularly in the industrial sector. By proactively improving its transportation infrastructure, Redmond is enhancing its appeal to businesses seeking efficient logistics networks and access to developable land, further solidifying the city’s position as a key player in Central Oregon’s economic landscape. Source: City of Redmond
PROPERTY TAXES
| Parcel Number | 150599 | Improvements Assessment | $0 |
| Land Assessment | $1,118,150 | Total Assessment | $1,118,150 |
PROPERTY TAXES
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1050 E Antler Ave - Redmond Industrial Site
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