Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1950 2Nd St Redmond, OR 97756

    Sponsored
    For Sale
    $2,100,000

    High-visibility retail site, Hwy 97 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.01-acre commercial lot in Redmond, Oregon, presents a remarkable investment opportunity. Located in a prime northern retail center, this high-profile site boasts unparalleled visibility and accessibility, directly abutting Highway 97, a major north-south transportation corridor with an estimated 24,100 AADT (ODOT 2017). Its strategic position adjacent to established retailers like Walmart and Home Depot ensures high traffic volume and exposure. The property is zoned Strip Service Commercial (C1), offering versatile development potential for a wide range of uses, including small-box retail, hotels, restaurants, medical offices, automotive sales, RV sales, and high-density residential. Utilities are conveniently located on-site, and a COI irrigation canal provides a unique seasonal water amenity. The level lot features panoramic Cascade Mountain views, enhancing its aesthetic appeal and desirability. Significant due diligence has already been completed, streamlining the development process. This central location provides easy access to Redmond, Bend, Prineville, Madras, and Sisters, making it an ideal location to serve the entire Central Oregon region. The asking price is $2,100,000, translating to $12 per square foot. This is a rare opportunity to acquire a high-impact commercial property in a thriving market.

    Property Features for 1950 2Nd St

    General Information

    Property type
    Retail properties
    Lot Size
    174,676 SF

    HighLights

    • High‑visibility 4.01‑acre commercial lot with excellent exposure.
    • Prime Redmond, OR location adjacent to Walmart, Home Depot, and Hwy 97.
    • On‑site utilities available.
    • Seasonal water amenity from COI irrigation canal.
    • Panoramic Cascade Mountain views.
    • C1 zoning permits diverse uses including retail, hospitality, medical, automotive, and residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -121.167945
    Latitude
    44.294154

    Nearby Similar for Sale

    • $1,175,000
      Pending

      Redmond Mobile Home and RV Park

      25-space mobile home and RV park in downtown Redmond.
      735 NW Greewood Ave, Redmond, OR 97756
      View Details
    • $559,900
      0.19 Acres

      Redmond Duplex with Fenced Yards

      Single-story duplex in NE Redmond with garages and fenced yards.
      569 NE Negus Loop, Redmond, OR 97756
      View Details
    • New
      $599,900
      Pending

      Redmond Duplex with RV Pad

      Well-maintained duplex with garages, yards, and RV pad.
      2723 SW Salmon Ave, Redmond, OR 97756
      View Details
    • $614,900
      Pending

      Redmond Duplex with Fenced Yards

      Two-story duplex in Redmond, Oregon, with fenced back yards.
      2745 SW Salmon Ave, Redmond, OR 97756
      View Details
    • $1,650,000
      0.30 Acres

      Redmond Quadruplex Investment Opportunity

      New construction quadraplex in desirable SW Redmond neighborhood.
      3969 SW Badger Ave, Redmond, OR 97756
      View Details
    • New
      $1,600,000
      0.36 Acres

      Redmond Quadruplex Investment Opportunity

      New construction quadraplex in desirable SW Redmond neighborhood.
      3945 SW Badger Ave, Redmond, OR 97756
      View Details
    • $825,000
      0.19 Acres

      Redmond Industrial Mixed-Use Building

      Industrial building with mixed-use zoning, ideal for owner/user.
      407 SE Warsaw St, Redmond, OR 97756
      View Details
    • $875,000
      0.06 Acres

      Downtown Redmond Commercial Building For Sale

      2,500 SF commercial building in Redmond's downtown core.
      423 SW 6Th St, Redmond, OR 97756
      View Details
    • $900,000
      1.68 Acres

      Redmond Mixed-Use Property For Sale

      Mixed-use property with highway frontage and expansion potential in Redmond, OR.
      3625 Highway 97 N, Redmond, OR 97756
      View Details
    • $4,425,000
      3.50 Acres

      Redmond Industrial Site with Warehouse

      3.5-acre industrial site with 36,000 SF warehouse and office.
      330 SE Evergreen Ave, Redmond, OR 97756
      View Details
    • $1,195,000
      0.06 Acres

      Redmond Mixed-Use Property For Sale

      Mixed-use property in Midtown Redmond with retail and residential units.
      435 SW 6Th St, Redmond, OR 97756
      View Details
    • $475,000

      Redmond Ranch Home with Pond

      Serene ranch home on 0.4 acre lot with pond.
      2636 SW Mariposa Loop, Redmond, OR 97756
      View Details

    FAQs

    What type of property is this?
    Retail property - High-visibility retail site, Hwy 97 access.
    Where is this retail property located?
    The property is located at 1950 2Nd St Redmond, OR.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: High-visibility 4.01-acre commercial lot with excellent exposure.; Prime Redmond, OR location adjacent to Walmart, Home Depot, and Hwy 97.; On-site utilities available.
    Request Owner's contact information
    1950 2Nd St Redmond, OR 97756
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1950 2Nd St
    Redmond, OR 97756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1950 2Nd St Redmond, OR 97756
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.