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    OFF-MARKET
    Land

    97 Tbd Hwy, Madras, OR 97741

    6.67 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.67-acre commercial land parcel in Madras, Oregon, presents a rare investment opportunity. Located on Hwy 97, this property boasts complete city approvals for a storage unit development, offering immediate potential for high returns. The site comprises five individual parcels, providing flexibility for either collective or individual development. Zoned C-1, the property's permitted uses extend beyond storage to encompass retail, restaurant, office, and public uses, significantly broadening its appeal and potential future applications. The asking price is $1,450,000. Detailed plans for the approved storage unit development are available upon request. Situated in Jefferson County, Oregon, with a 97741 zip code, this location offers excellent accessibility and visibility along a major highway. The latitude and longitude coordinates are 44.7551514 and -120.9957823 respectively. Don't miss this chance to secure a prime commercial land asset in a thriving market. This property offers significant upside potential for investors seeking a high-demand, city-approved development project.

    Property profile
    Verified
    Property type Land
    Lot 6.67 ac (290,545 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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