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Madras Oregon Truck Stop 992 SW Highway 97 2,505 SF Retail Building Madras, OR 97741 $3,400,000 ($1,357.29/SF) 4% Cap Rate
Executive Summary
Classic truck stop, convenience store, and cozy restaurant on Highway 97 ready for a new owner/operator. Over 20,000 cars and trucks pass by daily. Loyal customers have supported the restaurant for decades. Lesed automotive shop is included in the sale. Highway 97 is a major trucking route and Madras is a perfect stop.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Service Station
Building Size
2,505 SF
Building Class
C
Year Built
1965
Price
$3,400,000
Price Per SF
$1,357.29
Cap Rate
4%
NOI
$136,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.36 AC
Opportunity Zone
Yes
Zoning
C1
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 111311-DD-07300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $693,030 |
Property Taxes
Parcel Number
111311-DD-07300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$693,030
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Madras Oregon Truck Stop | 992 SW Highway 97
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