Cedar Commercial Building-Rest/Retail/Office

2,916 SF | Retail Building | Redmond, OR 97756 | $899,000 ($308/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $899,000

Property Type
Retail, Restaurant
Square Feet
2,916 SF
Price / Square Foot
$308

Listing Contacts

Brian Fratzke
Brian Fratzke
Verified Profile
Tom Tapia
Tom Tapia
Verified Profile
  • Property Info

Property Overview

Commercial Building zoned C-2 in downtown Redmond Restaurant/Retail/Office
Two (2) Buildings: 2,916+/- SQUARE FEET (Main Building 2,700+/-SF-Office 216+/- SF)
Owner-User Opportunity/Mixed-Use in Redmond, Oregon
Zoned C-2 Commercial Central Business District
0.19/Acres 8,276+/-Square Feet
Two-story building with shared parking and on-street parking in front of building
Signage located in 4 separate areas: a) Monument Sign on 6th Street b) Monument sign on 7th Street c) Signage of Building d) Signage towards the south (parking lot)
City of Redmond “Landmark” historic status
Desirable and rare multi-use “hard-to-find” Restaurant/Retail/Office building with zoning that has a vast array of uses. This is a wonderful Owner/User opportunity to purchase Restaurant FF&E from Seller outside of escrow to operate a restaurant; or the Owner/User who is looking for a Commercial building for their business. Lots of flexibility and versatility with this offering. Great visibility, several signage opportunities including two monument. The building was originally constructed in 1911 but went through an extensive ground-up comprehensive remodel in 2003-2004 completed by City of Redmond Council women and then owner Margie Dawson. CC&R’s are in place, shared garbage and parking.
OFFERED FOR SALE: $899,000 ( $308/SQ.FT.) PRICE JUST REDUCED $76K
BUILDING: Main Building 2,700+/- RSF. with annex office building 216+/RSF. Both buildings are wood framed and Cedar siding and metal roofing. Gorgeous outside fenced courtyard area.
LOT SIZE: 0.19 +/- Acres (8,276+/- Sq.Ft.) with 42-shared parking stalls and on-street parking.
TAX LOT/MAP: #1513009DC 5400
CURRENT USE: Restaurant. We are not selling restaurant business, any FF&E owned by Seller could be purchased and shall be negotiated outside of escrow with Seller. Up to 64 patrons inside and outdoor seating area for up to 20” guests. Interior upstairs seating and service bar upstairs as well.
ZONING: C-2 Commercial Zoning (also referred to as Central Business District CBD ). C-2 Allows multiple commercial uses including: Bakery, Bar, Lounge, Nightclub, Café’, Restaurant, Office, Retail Sales, Pharmacy, Florist, Accountant, Law Firm, Financial Service Advisory, Title Company, Hardware, Pet Shop, Bank, Veterinarian, Dry Cleaner, Salon, Mental Health Facility, Medical Service Provider and Others.
LANDMARK HISTORIC : City of Redmond shows this as “Landlord” historic property that affects what exterior modifications can be done. City suggest “Pre-App” with them if Buyer plans to modify exterior or please call Planning Department at (541) 923-7710 for more information. **Occupancy to be determined upon close of escrow.
Please contact listing Brokers for more information. Showings to be by appt. only with no less than 24' hour notice, afternoon's after closing preferred. Call listing Brokers.

Property Details

Class
B
Year Built/Renovated
1911/2003
Stories
2
Lot Size (sq. ft)
8,276 SF

Highlights

  • Location, Location, Location in downtown Redmond
  • Commercial Building currently restaurant use, could purchase FF&E from Seller outside of escrow to operate as restaurant
  • Redevelop for your business use, retail and/or office
  • Exceptional parking, visibility, traffic, monument signage
  • Updated in 2004-Occupancy to be determined upon close of escrow
  • Outdoor courtyard/patio

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].