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    948 SW Veterans Way, Redmond, OR 97756

    3,328 SF 0.56 ac lot Built 2000
    Entity Owned Free & Clear
    Property ID
    US71-0497013
    Property summary
    AI-generated overview

    This 3,328 square foot Class B creative office building, built in 2000, presents a unique owner-user or investment opportunity in Redmond, Oregon. Located at 948 SW Veterans Way, 97756, this vacant property offers exceptional visibility and accessibility. The building boasts 18 parking spaces (a ratio of 5.4 per 1,000 square feet) and a convenient two-lane drive-thru, making it ideal for a variety of businesses. Its strategic location within a high-traffic retail and service area, adjacent to major retailers like Fred Meyer and Lowe's, ensures high visibility and foot traffic. The property is easily visible from Veterans Way, Indian Avenue, and Kalama Avenue, and is even visible from the Fred Meyer parking lot. Excellent access to major roadways including Highway 126 (via Highland and Glacier Avenues), Highway 97, and SW 6th Street further enhances its appeal. With an asking price of $2,750,000 and a price per square foot of $826.32, this property offers a compelling investment opportunity in a thriving Deschutes County market. The high volume of vehicular traffic on Veterans Way (approximately 5,000 vehicles per day from Highland Avenue) underscores the significant potential for business success. This is a rare chance to acquire a well-situated, adaptable space in a prime commercial area.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2000
    Total area 3,328 SF
    Lot 0.56 ac (24,394 SF)
    APN 151316 DB 00904
    UPID US71-0497013
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    KLAMATH 1ST FEDERAL SAVINGS & LOAN
    KLAMATH 1ST FEDERAL SAVINGS & LOAN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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