178 5th St, Madras, OR 97741-1401
This exceptional commercial property, located at 178 SW 5th St in Madras, Oregon, presents a significant investment opportunity. Boasting 19,716 square feet, it's one of the largest retail buildings in Madras, offering substantial space for a variety of uses. The asking price is $1,200,000, translating to $60.86 per square foot. The property is zoned Commercial (C2), providing flexibility for diverse business ventures. Its prime location on 5th Street/Highway 97 N ensures excellent visibility and accessibility, attracting significant foot and vehicle traffic. Ample on-site and off-site parking is available for customers and employees. The building's size and layout allow for the possibility of subdividing the space to accommodate multiple tenants or owner-users. This presents a unique redevelopment opportunity for investors seeking to maximize their return. The property's prominent location and substantial size make it an ideal choice for businesses seeking a strong presence in the thriving Madras market. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Madras, ORMadras. Always verify with local authorities before improvements.
Costs & Benchmarks
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.