Prime Downtown Property in Central Oregon
6,259 SF | 100% Leased | Retail Building | Redmond, OR 97756 | $1,750,000 ($280/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,750,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,259 SF
- Price / Square Foot
- $280
Listing Contacts
Ken Streater
Verified Profile
- Property Info
Property Overview
For decades, Bank of America has occupied this high traffic and popular corner in downtown Redmond. They are closing this branch and the property owners have decided to sell this “Main and Main” property. This is an exceptional owner-user or investment opportunity.
There are two spaces in the building: the main space that the bank has long occupied and the other that is approximately 1,500 square feet. These spaces each have their own entrances. And, there is a covered drive-thru, which is not included in the building square feet. Consider these benefits:
6,259+ /- total square feet that can easily be demised, plus covered drive thru; Multiple use options: office, entertainment, restaurant, retail, service, and more; High ceilings and almost completely free-span design for easy remodeling; Centrally located in the heart of Redmond with easy access from all directions; New HVAC system and new roof to be installed prior to closing; Well-maintained, with primarily a single-use owner for the past 30+ years; Off-street parking lot with 14 stalls, plus adjoining public parking lot; Vibrant downtown with City building improvement grants/loans available
There are two spaces in the building: the main space that the bank has long occupied and the other that is approximately 1,500 square feet. These spaces each have their own entrances. And, there is a covered drive-thru, which is not included in the building square feet. Consider these benefits:
6,259+ /- total square feet that can easily be demised, plus covered drive thru; Multiple use options: office, entertainment, restaurant, retail, service, and more; High ceilings and almost completely free-span design for easy remodeling; Centrally located in the heart of Redmond with easy access from all directions; New HVAC system and new roof to be installed prior to closing; Well-maintained, with primarily a single-use owner for the past 30+ years; Off-street parking lot with 14 stalls, plus adjoining public parking lot; Vibrant downtown with City building improvement grants/loans available
Property Details
- Class
- C
- Year Built/Renovated
- 1925/1995
- Stories
- 1
- Property Subtype
- Bank, Grocery/Convenience Store, Medical
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- "Main and Main" location in downtown Redmond
- Owner user or investment opportunity
- Off street parking lot and easy access
- Located near major downtown businesses
- New roof and new HVAC units prior to closing
- Ideal for variety of uses; restaurant, office, retail, entertainment, etc.
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