1950 2Nd St Redmond, OR 97756
- Retail properties
- 4.01 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1950 2Nd St
- Lot size
- 4.01 lot acres
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.168
- Latitude
- 44.2942
