614 NW Cedar Ave, Redmond, OR 97756

This exceptional restaurant property, located at 614 NW Cedar Ave in Redmond, Oregon's central business district, presents a unique opportunity for both owner-users and investors. The 2,916 square foot space, housed in two buildings on a 0.19-acre lot, boasts a rich history, having been built in 1911 and renovated in 2004. The property features two stories, offering ample indoor seating for up to 80 guests, plus an inviting outdoor courtyard dining area accommodating an additional 36 patrons, shaded by mature landscaping. The C-2 zoning allows for a wide variety of uses. The fully operational restaurant includes all furniture, fixtures, and equipment (FF&E), a well-equipped commercial kitchen with a dumbwaiter, fryer, griddle, and stovetop burners. The property benefits from prominent monument signage on both 6th Street and Cedar Avenue, ensuring high visibility. An additional 216 square feet provides space for private parties or potential lease income. Historic details, such as leaded glass and the dumbwaiter, add to the property's unique character. The asking price is $775,000, representing a 7.5% cap rate and a competitive lease rate of $1.65 per square foot. This landmark property offers a blend of historic charm and modern functionality in a high-traffic location within Dawson's Station, making it an ideal investment or a perfect platform for a thriving restaurant business.