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1427 SW Highland Ave 1,479 SF 100% Leased Office Building Redmond, OR 97756 $749,000 ($506.42/SF)
Investment Highlights
- Excellent visibility
- Close to amenities
- High traffic count
Executive Summary
An incredible opportunity for an owner-user or savvy investor to acquire a well known and prominent dual-building commercial lot on the lighted corner of bustling Highland Avenue and 15th St. This highly visible property consists of two standalone structures on a single, spacious 0.24-acre parcel, providing steady income potential or as a premium professional business location. The main building is 1,479sf on two floors and the building behind is a 576sf office space, perfect as a separate income-producing rental, a private satellite workspace, or a creative studio. Upgrades include triple pane windows for noise control and security system. Both buildings have convenient, off-street parking. Priced at $749,000, this one won't last long. Sale does bot include business. Seller is a licensed Real Estate Broker.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office
Building Size
1,479 SF
Building Class
C
Year Built
1933
Price
$749,000
Price Per SF
$506.42
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
740 SF
Building FAR
0.14
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C4
Amenities
- Reception
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 123809 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $176,260 |
Property Taxes
Parcel Number
123809
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$176,260
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