1950 2Nd St, Redmond, OR 97756
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.