Property profile

2738 Us-97 Madras, OR 97741

OFF-MARKET
Retail properties & Spaces
2,820 SF 1.62 ac lot Built 1961
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional turnkey business opportunity presents a thriving pizza parlor in Madras, Oregon. Located at 2738 US-97, this established restaurant boasts a loyal customer base cultivated over 35 years of operation in Central Oregon. The sale includes the business itself, complete with all necessary equipment, inventory, vendor lists, and recipes, ensuring a seamless transition for the new owner. The property encompasses a generous 1.62 acres and features two buildings: the 2,820 square foot restaurant and a 1997 double-wide manufactured home with three bedrooms, two bathrooms, and a garage. This residential component provides convenient on-site living for the owner or manager. The restaurant operates at 100% occupancy, generating a strong revenue stream. Built in 1961, the property is zoned RR5 and offers significant potential for continued growth and profitability. The asking price is $569,000, translating to $201.77 per square foot. This is a rare opportunity to acquire a well-established, profitable business with significant real estate assets in a desirable location. The property's size and zoning offer potential for future expansion or development. This is a truly unique opportunity for an experienced restaurateur or savvy investor seeking a proven, successful business with significant upside.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1961
Total area 2,820 SF
Lot 1.62 ac (70,567 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2738 Us-97 Madras, OR 97741
Madras metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2738 Us-97?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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