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    246 Franklin St Redmond, OR 97756

    Sponsored
    For Sale
    $799,900

    Two industrial units, 4,800 sq ft, 0.44 acres.

    Property size:
    4,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional Redmond, Oregon commercial property offers two distinct industrial units totaling 4,800 square feet on a 0.44-acre lot. The property boasts a fully fenced perimeter with gated access from both Franklin and Cascade Streets, and features a convenient alleyway behind both buildings. Unit #1, comprising two 1200 square foot spaces, includes 12-foot roll-up doors, restrooms, and office areas. This unit has been previously utilized as a combination contracting business and recording studio, with no formal rental history. Unit #2 is a single 2,400 square foot warehouse space featuring a roll-up door, entry vestibule, office area, and a single restroom. This unit is currently leased month-to-month. The property also includes an easement driveway providing access to the fenced area, and a prominent "LEC" monument sign on Franklin Street. This versatile property is ideally suited for a variety of commercial uses, offering significant potential for both owner-occupancy and rental income. The location in Redmond's thriving industrial/multi-use live/work area provides excellent visibility and accessibility. The property's size and layout offer flexibility for a range of businesses seeking a well-maintained and strategically located space. The existing improvements provide a solid foundation for immediate occupancy or further development.

    Property Features for 246 Franklin St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,800 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.1652
    Latitude
    44.27493

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    FAQs

    What type of property is this?
    Commercial real estate - Two industrial units, 4,800 sq ft, 0.44 acres.
    Where is this commercial real estate located?
    The property is located at 246 Franklin St Redmond, OR.
    What is the asking price?
    The asking price for this property is $799,900.
    (541) 504-9792
    Request Owner's contact information
    246 Franklin St Redmond, OR 97756
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    Redmond, OR 97756
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 Franklin St Redmond, OR 97756
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