97 Tbd Hwy, Madras, OR 97741
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.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.