0 Lee St Madras, OR 97741
This exceptional 19.54-acre parcel presents a unique opportunity for residential development in Madras, Oregon. Located at 0 NW Lee St., Jefferson County, zip code 97741 (44.64690689772957, -121.1294954521883), this property boasts stunning Cascade Mountain views overlooking the city. The land is zoned R1, allowing for a variety of residential construction projects. Its prime location offers convenient access to Madras' amenities, including shopping, while also providing proximity to a wealth of outdoor recreational activities. Imagine building a community that takes advantage of the nearby boating, hiking, camping, and skiing opportunities. The asking price for this expansive tract is $1,000,000. This is a rare chance to create a thriving residential development in a highly desirable Central Oregon setting. The property's size and zoning make it an ideal location for a multi-use community. Don't miss this chance to acquire this exceptional piece of land. MLS 220170662.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.