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178 SW 5th St 19,716 SF Retail Building Madras, OR 97741 $999,000 ($50.67/SF)

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INVESTMENT HIGHLIGHTS

  • Largest retail building in Madras
  • Large Basement
  • Easy access to US Hwy 97.
  • Great frontage on 5th street
  • Street parking and large rear parking lot

EXECUTIVE SUMMARY

Large retail building with excellent exposure on 5th Street and Highway 97 North in Madras. Approximately half of the space is an open layout on the ground level and the remaining square footage is downstairs basement space. Ample street parking as well as onsite parking in the back parking lot. This property qualifies for multiple incentive programs through the Madras Redevelopment Commission that support restoration, renovation, and creative reuse.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,716 SF
Building Class
B
Year Built
1960
Price
$999,000
Price Per SF
$50.67
Tenancy
Single
Building Height
2 Stories
Building FAR
1.81
Lot Size
0.25 AC
Zoning
C2 - Commercial
Frontage
100’ on Hwy 97

AMENITIES

  • Freeway Visibility
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Basement
  • 3,000-9,858 SF
  • Retail
  • In-Line
  • 60 Days

Large open basement space with concrete and carpet floors. This space is excellent to use as storage when combined with the first floor retail.

  • 1st Floor
  • 3,000-9,858 SF
  • Retail
  • In-Line
  • 60 Days

Ground floor retail along busy 5th Street/Highway 97 N. First floor can be demised and leased with or without the corresponding basement space. The total building SF available between the first floor and basement is 19,716 SF.

Space Size Space Use Position Available
Basement 3,000-9,858 SF Retail In-Line 60 Days
1st Floor 3,000-9,858 SF Retail In-Line 60 Days

Basement

Size
3,000-9,858 SF
Space Use
Retail
Position
In-Line
Available
60 Days

1st Floor

Size
3,000-9,858 SF
Space Use
Retail
Position
In-Line
Available
60 Days

Basement

Size 3,000-9,858 SF
Space Use Retail
Position In-Line
Available 60 Days

Large open basement space with concrete and carpet floors. This space is excellent to use as storage when combined with the first floor retail.

1st Floor

Size 3,000-9,858 SF
Space Use Retail
Position In-Line
Available 60 Days

Ground floor retail along busy 5th Street/Highway 97 N. First floor can be demised and leased with or without the corresponding basement space. The total building SF available between the first floor and basement is 19,716 SF.

Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Black Bear Diner
Columbia Bank
The Human Bean
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 111311-AA-06500
  • 111311-AA-06900
  • 111311-AA-07100
  • 111311-AA-11002
  • 111311-AA-06700
  • 111311-AA-07200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$385,200
  • Listing ID: 35180756

  • Date on Market: 9/28/2022

  • Last Updated:

  • Address: 178 SW 5th St, Madras, OR 97741

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