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    2498 Highway 97 Redmond, OR 97756

    For Lease
    $25 SF/Yr ($8,219 /Mo)

    Prime Redmond retail, restaurant space.

    Lot size:
    3,914 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 2498 S Highway 97 in Redmond, Oregon (97756), offers a total of 3,914 square feet of retail and restaurant space available for lease. The property is situated in Deschutes County and presents a unique opportunity for multiple tenants or a single occupant seeking a substantial footprint. Currently, the entire 3,914 square feet is vacant, providing flexibility for a variety of uses. The space is divisible, with a minimum leasable area of 1,914 square feet and a maximum contiguous space of 2,000 square feet. This allows for adaptability to suit different business needs and expansion plans. The property's prominent location on Highway 97 ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The property is classified as both retail and restaurant space, catering to a wide range of potential tenants. This versatile space is perfect for businesses looking to establish a strong presence in the thriving Redmond market. Interested parties are encouraged to inquire about lease terms and availability. The property's size and location make it a highly desirable commercial opportunity.

    Property Features for 2498 Highway 97

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,914 SF
    Total Rate
    8219.4

    Unit(s) available at that property

    Space
    Suites D&E
    Size
    3,901 SF
    Rate per SF
    $27
    Space
    Suite D
    Size
    1,759 SF
    Rate per SF
    $25
    Space
    Suite E
    Size
    2,142 SF
    Rate per SF
    $28

    HighLights

    • High‑visibility frontage and signage on Highway 97.
    • Strong co‑tenancy with Bed Mart, Aziz Crew Barber Shop, Dog Gone Cute Grooming, Connection Rio Brazilian Jiu‑Jitsu, and Chavez Market.
    • Shadow‑anchored by Wagner Square, including Grocery Outlet, Ross Dress for Less, Wilco Farm Store, and Redmond Cinema.
    • High daily traffic counts exceeding 28,076 vehicles (2022 Traffic Metrix).
    • Monument signage available.
    • Excellent parking and access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -121.1830281
    Latitude
    44.2525647

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    FAQs

    What type of property is this?
    Restaurant - Prime Redmond retail, restaurant space.
    Where is this restaurant located?
    The property is located at 2498 Highway 97 Redmond, OR.
    What is the lease rate?
    The lease rate is $25-$28 SF/Yr.
    What are key features of this property?
    This property features: High-visibility frontage and signage on Highway 97.; Strong co-tenancy with Bed Mart, Aziz Crew Barber Shop, Dog Gone Cute Grooming, Connection Rio Brazilian Jiu-Jitsu, and Chavez Market.; Shadow-anchored by Wagner Square, including Grocery Outlet, Ross Dress for Less, Wilco Farm Store, and Redmond Cinema.
    Request Owner's contact information
    2498 Highway 97 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
    2498 Highway 97 Redmond, OR 97756
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