270 Madison St Madras, OR 97741-1327
This exceptional 2,344 square foot commercial property, situated on a 0.35-acre lot in Madras, Oregon, presents a unique investment opportunity. Conveniently located near downtown Madras, this property boasts a well-maintained, separate office building, perfect for a variety of business uses. Previously utilized as an auto repair shop, the property retains a certified tow yard, providing secure and convenient parking with gated access. The substantial building offers ample space for various commercial endeavors, allowing for customization and adaptation to suit diverse business needs. Its prime location offers excellent visibility and accessibility, ensuring high traffic and potential for growth. The combination of a functional building, secure parking, and a desirable location makes this property an attractive proposition for entrepreneurs and investors seeking a strong foothold in the thriving Madras market. The property's existing infrastructure, including the tow yard and office space, provides a solid foundation for immediate occupancy and operation, minimizing initial setup costs and maximizing return on investment. This is a rare opportunity to acquire a versatile commercial property in a highly sought-after location.
The purpose of the C1 district is to provide areas for the Eating and drinking establishments, Entertainment uses, Governmental uses, Retail trade and services
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Madras, ORThe purpose of the C1 district is to provide areas for the Eating and drinking establishments, Entertainment uses, Governmental uses, Retail trade and services
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.