Property profile

97 Tbd Hwy Madras, OR 97741

OFF-MARKET
Land
6.67 ac lot
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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

Location

97 Tbd Hwy Madras, OR 97741
Madras metro
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Value estimations

Realmo proprietary · 4 methods
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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
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