450 Greenwood Ave, Redmond, OR 97756-1531

This exceptional investment opportunity presents a 6,833 square foot, single-tenant commercial building situated on a half-acre lot at 450 NW Greenwood Avenue in Redmond, Oregon. The property is currently leased to Proactive Physical Therapy, a highly reputable tenant operating a thriving physical therapy clinic featuring an indoor pool. The existing lease agreement provides a stable income stream with three years remaining until its expiration, offering a secure investment for the foreseeable future. This translates to a desirable 6.47% capitalization rate, making it an attractive proposition for investors seeking strong returns. The building boasts a highly improved interior, perfectly suited for its current use and potentially adaptable for other medical or wellness-related businesses. Its central Redmond location ensures excellent visibility and high traffic counts, maximizing exposure and accessibility for the tenant. The property's prime location and the strength of the existing lease combine to create a compelling investment opportunity with significant potential for long-term growth and profitability. The asking price for this exceptional property is $1,925,000. This is a rare chance to acquire a well-established, income-producing asset in a thriving Oregon market.