119 7Th St Redmond, OR 97756
- Commercial real estate
- 2,606 SF
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 119 7Th St
- Lot size
- 0.26 lot acres
- Property size
- 2,606 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 2,606 square foot building situated on a 0.26-acre lot (11,500 square feet) in Redmond, Oregon's vibrant Central Business/Commercial District. The property boasts a successful, existing preschool tenant occupying the main building. In addition to the preschool, the property includes a separate 1,600 square foot structure housing eight leased dry storage units, generating additional income streams. A 680 square foot garage/shop is also included and separately leased. This multi-faceted property offers a compelling investment profile with a market-derived capitalization rate of 6%. A fee appraisal is available upon execution of a non-disclosure agreement. The property's location in the heart of Redmond's commercial district ensures strong tenant demand and potential for future appreciation. The property is zoned for commercial use and offers significant potential for continued income generation and long-term growth. This is a rare opportunity to acquire a well-established, income-producing property in a thriving Oregon market. The property's diverse income streams and strong tenant occupancy make it an attractive investment for both seasoned and new investors seeking a stable and profitable asset. Detailed financial information is available upon request. The property address is 119 SW 7th St, Redmond, OR 97756.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.1756436
- Latitude
- 44.2761229
