948 Veterans Way Redmond, OR 97756
- Banks
- 3,328 SF
- 0.56 lot acres
Current Use by Public Records
- Banks
Property Details for 948 Veterans Way
- Year built
- 2000
- Lot size
- 0.56 lot acres
- Property size
- 3,328 SF
- Property type
- Banks
- APN
- 151316 DB 00904
- APU
- 151316DB00904
Description
This 3,328 square foot Class B creative office building, built in 2000, presents a unique owner-user or investment opportunity in Redmond, Oregon. Located at 948 SW Veterans Way, 97756, this vacant property offers exceptional visibility and accessibility. The building boasts 18 parking spaces (a ratio of 5.4 per 1,000 square feet) and a convenient two-lane drive-thru, making it ideal for a variety of businesses. Its strategic location within a high-traffic retail and service area, adjacent to major retailers like Fred Meyer and Lowe's, ensures high visibility and foot traffic. The property is easily visible from Veterans Way, Indian Avenue, and Kalama Avenue, and is even visible from the Fred Meyer parking lot. Excellent access to major roadways including Highway 126 (via Highland and Glacier Avenues), Highway 97, and SW 6th Street further enhances its appeal. With an asking price of $2,750,000 and a price per square foot of $826.32, this property offers a compelling investment opportunity in a thriving Deschutes County market. The high volume of vehicular traffic on Veterans Way (approximately 5,000 vehicles per day from Highland Avenue) underscores the significant potential for business success. This is a rare chance to acquire a well-situated, adaptable space in a prime commercial area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.179
- Latitude
- 44.2677
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
