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Madras Commercial Building 15 NE 7th St 1,000 SF Office Building Madras, OR 97741 $235,000 ($235/SF)
Investment Highlights
- Great Location
- Convert to Live/Work Investment
- Upside Potential
Executive Summary
Small well located, commercial building on a corner lot across from a large Community Park. Great upside potential to located a business or convert to residential usage or create a live/work investment. Check with City Planning and urban renewal benefits codes. Potential to add some murals, custom painting, windows, awnings to update the look. Only 2 blocks and walking distance to main street. 4 offices, large reception area and storage room. Ample gravel parking and all ADA sidewalk improvements completed. Low property taxes, all City services and newer plank flooring.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,000 SF
Building Class
C
Year Built
1978
Price
$235,000
Price Per SF
$235
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,000 SF
Building FAR
0.19
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial zoned with potential for residential or live/work investment.
Amenities
- Security System
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 111301-CC-06800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $82,090 |
Property Taxes
Parcel Number
111301-CC-06800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$82,090
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Madras Commercial Building | 15 NE 7th St
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