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Iconic Restaurant Property in Redmond 641 SW Cascade Ave 3,205 SF Retail Building Redmond, OR 97756 $900,000 ($280.81/SF)
INVESTMENT HIGHLIGHTS
- Grace and Hammer as featured on Diners, Drive-Ins, and Dives - Grace and Hammer name can be assumed by buyer
- Most furniture, fixtures and equipment (FF&E) included in sale
- Originally built in 1912; designated a historic property in 1976
- Full restaurant build-out with wood-fired pizza oven, bar, indoor dining, and outdoor deck and lawn seating areas
- Prime corner location in the heart of Downtown Redmond
- Extensive updates completed in 2018
EXECUTIVE SUMMARY
Grace and Hammer offers a rare opportunity to acquire a fully renovated historic property in the heart of Downtown Redmond. Originally built in 1912 and designated a historic landmark, the former church has been thoughtfully updated into a turnkey restaurant with high-end finishes, a wood-fired pizza oven, and indoor/outdoor dining areas. Situated on a prominent corner lot, the property benefits from strong visibility, walkable access to surrounding amenities, and a vibrant downtown setting. The site currently houses a well-known pizzeria and bar that has garnered national attention on Diners, Drive-Ins, and Dives, adding valuable brand recognition. Ideal for an investor or operator seeking an iconic setting with built-in foot traffic and unique architectural appeal.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,205 SF
Year Built/Renovated
1912/2018
Price
$900,000
Price Per SF
$280.81
Building Height
1 Story
Building FAR
0.32
Lot Size
0.23 AC
Zoning
C2 - Central Commercial
Frontage
84’ on Southwest 7th Street
AMENITIES
- 24 Hour Access
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 150616 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $171,300 |
PROPERTY TAXES
Parcel Number
150616
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$171,300
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Iconic Restaurant Property in Redmond | 641 SW Cascade Ave
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