405 6th St Redmond, OR 97756-2204

This exceptional Class A retail property, located at 405 SW 6th St in Redmond, Oregon, presents a unique investment opportunity for both owner-users and investors. Boasting 10,000 square feet of net rentable space across a single-story building, this iconic structure, built in phases between 1917 and 1923 and extensively renovated in 2003, offers a prime location in the heart of downtown Redmond's revitalized core. The property features a fully refurbished HVAC system, roof, and fixtures, ensuring modern functionality within its historic charm. Its versatile layout, including high ceilings, multiple access points (two on Sixth Street and two from the alley), centrally located restrooms and kitchen areas, and a finished basement, allows for diverse uses such as office, entertainment, restaurant, retail, or service businesses. The building benefits from a significant advantage: a dedicated 22-stall parking lot directly adjacent, supplemented by a nearby city-owned lot. This prime corner location at the intersection of Deschutes Avenue and Sixth Street places the property within the most vibrant and walkable section of downtown, benefiting from the recent surge in new restaurants, retail establishments, and a renovated boutique hotel. A leaseback option is available, providing a buyer with immediate income while transitioning to a new use. The property sits on a 20,000 square foot lot and is zoned for commercial use. This is a rare opportunity to acquire a landmark property in a thriving Oregon city. The asking price is $2,750,000, translating to $275 per square foot. The current occupancy is 100%, with the lease expiring January 1st, 2025.