Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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