Turn-key Restaurant with Historic Charm | 614 NW Cedar Ave
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Turn-key Restaurant with Historic Charm 614 NW Cedar Ave
2,916 SF 100% Leased Retail Building Redmond, OR 97756 $775,000 ($266/SF) 7.50% Cap Rate
Investment Highlights
- Monument signage on 6th St, Cedar St and alley access
- Outdoor seating up to 36 with 100 year old trees and mature landscpaing
- Indoor seating seats up to 80
- All FF&E includuded
Executive Summary
High-quality upgrades and historic charm come together to create a memorable, destination-worthy dining space in Downtown Redmond and a part of highly-trafficked Dawson’s Station.
This fully operational restaurant invites a creative owner/user to make their mark in Redmond. Also priced to support a competitive lease rate ($1.65/SF) with a solid, 7.5% market-cap for investors.
Enjoy a spacious two-story dining area, an inviting outdoor dining space with a mature deciduous tree canopy and hedges providing a soft boundary to a private courtyard dining experience.
The full commercial kitchen is equipped with distinct and functional features, including a dumbwaiter, fryer, griddle, stove-top burners and ample storage—ideal for any ambitious restaurateur or event host seeking a standout property in a prime location.
This fully operational restaurant invites a creative owner/user to make their mark in Redmond. Also priced to support a competitive lease rate ($1.65/SF) with a solid, 7.5% market-cap for investors.
Enjoy a spacious two-story dining area, an inviting outdoor dining space with a mature deciduous tree canopy and hedges providing a soft boundary to a private courtyard dining experience.
The full commercial kitchen is equipped with distinct and functional features, including a dumbwaiter, fryer, griddle, stove-top burners and ample storage—ideal for any ambitious restaurateur or event host seeking a standout property in a prime location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,916 SF
Building Class
B
Year Built
1911
Price
$775,000
Price Per SF
$266
Cap Rate
7.50%
NOI
$58,125
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Land Acres
0.19 AC
Zoning
C2 - C-2 or CBD, Central Business District Redmond.
Parking
42 Spaces (14.4 Spaces per 1,000 SF Leased)
Frontage
66 FT on NW Cedar Ave
Amenities
- Courtyard
- Restaurant
- Signage
- Recessed Lighting
- Monument Signage
- Air Conditioning
- Balcony
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 122826 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $310,410 |
PROPERTY TAXES
Parcel Number
122826
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$310,410
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Turn-key Restaurant with Historic Charm | 614 NW Cedar Ave
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