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- LoopNet Team
14 NE 5th St
Madras, OR 97741
Downtown Central Oregon Development Property · Land For Sale · 1.36 AC
Investment Highlights
- The highest traffic intersections in Madras.
- Adjacent to both Highway 97 north and south in the heart of downtown Madras.
- Very flat, services and utilities to property, multiple access points, and other amenities.
- Close to major retailers, fast food, schools, and businesses
- Zoning allows for a variety of uses: restaurants, convenience stores, service and retail businesses, and more.
- Several thousand of people pass this site each day
PROPERTY FACTS
| Property Type | Land | Building Class | C |
| Property Subtype | Commercial | Total Lot Size | 1.36 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Building Class | C |
| Total Lot Size | 1.36 AC |
Description
Developers seeking to capitalize on loyal local clients and significant business and tourism traffic should consider Madras, and this location in particular. In addition, the City of Madras is easy to work with and encourages development. The property sits in the C2 (Downtown Commercial) zone, but is adjacent to a C1 zoned parcel. Downtown Commercial zoning allows for multiple retail and service uses. These include entertainment venues, motels, sit-down restaurants, medical offices, mixed use residential projects, and more. Note that drive-through food businesses are not allowed in the C2 zone but are allowed in the C1 zone. With the adjacent C1 parcel, a variance or zone change for a portion of this property may be possible, particularly with a partition.
PROPERTY TAXES
| Parcel Number | 111302-DD-01700 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $331,886 |
PROPERTY TAXES
zoning
| Zoning Code | C2 |
| C2 |
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