Active Gravel Pit Zoned for Surface Mining | 60005 Cinder Butte Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Active Gravel Pit Zoned for Surface Mining 60005 Cinder Butte Rd
8,530 SF 100% Leased Industrial Building Bend, OR 97702 $3,500,000 ($410/SF) 4.71% Cap Rate
Investment Highlights
- 48.95 acres zoned Surface Mining
- Large deposits of Tumalo Tuff used in ODOT projects
- Lease income from water tower and three cell towers
- On-site processing of materials including rock crushing
- Royalties from mining and product processing
- Water tower lease provides free water for on-site dust control
Executive Summary
This is a unique opportunity to own an active gravel pit with a solid cashflow from multiple sources. This site is currently leased to six long-term tenants. Extra revenue is also being generated through royalties received from processed dirt and rock as well as other product being mined at the site. Seller financing is available on approved credit.
The site is 48.95 acres and zoned for surface mining. One of the greatest attributes of this property is that the zoning allows for on-site processing of materials including rock crushing. This permits the continual processing of dirt and rock that provides for unlimited high-profit royalties.
The property includes one doublewide mobile home that is currently used as office space for 7 Peaks Paving. This building is on the top of the hill and has amazing views of the surrounding area including the Cascade Mountains. The property also includes a 4,500 square foot shop building built in 2017, a 1,728 square foot shop built in 2003 and a 320 square foot mobile office with air conditioning and heat. There is also a state certified commercial 70' scale on-site for weighing the full trucks as they leave the property.
The site is 48.95 acres and zoned for surface mining. One of the greatest attributes of this property is that the zoning allows for on-site processing of materials including rock crushing. This permits the continual processing of dirt and rock that provides for unlimited high-profit royalties.
The property includes one doublewide mobile home that is currently used as office space for 7 Peaks Paving. This building is on the top of the hill and has amazing views of the surrounding area including the Cascade Mountains. The property also includes a 4,500 square foot shop building built in 2017, a 1,728 square foot shop built in 2003 and a 320 square foot mobile office with air conditioning and heat. There is also a state certified commercial 70' scale on-site for weighing the full trucks as they leave the property.
Property Facts Under Contract
| Price | $3,500,000 | Building Class | B |
| Price Per SF | $410 | Lot Size | 48.95 AC |
| Sale Type | Investment | Rentable Building Area | 8,530 SF |
| Cap Rate | 4.71% | No. Stories | 1 |
| Property Type | Year Built | 2017 |
| Price | $3,500,000 |
| Price Per SF | $410 |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| Property Type | |
| Building Class | B |
| Lot Size | 48.95 AC |
| Rentable Building Area | 8,530 SF |
| No. Stories | 1 |
| Year Built | 2017 |
1 of 1
zoning
| Zoning Code | SM - Surface Mining (Zoning permits rock crushing, processing, washing, sizing, extraction of material including sand, gravel, rock, cinders, pumice, topsoil and fill.) |
| SM - Surface Mining (Zoning permits rock crushing, processing, washing, sizing, extraction of material including sand, gravel, rock, cinders, pumice, topsoil and fill.) |
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Active Gravel Pit Zoned for Surface Mining | 60005 Cinder Butte Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.