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North Highway 97 - Madras Highway #97 Land

9.59 Acres of Commercial Land Offered at $899,000 in Madras, OR 97741

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Investment Highlights

680" of Highway #97 Frontage...Commercial Zoned
Great Mixed Use Project with several Buyers looking for smaller parcels when developed

ODOT has plans for major highway improvement soon!!

Executive Summary

Large commercial parcel located in North Madras where Highway #26 and Highway #97 converge at the “Gateway to Central Oregon” from Portland. This parcel will be a great opportunity for a mixed use development project with excellent highway exposure with ODOT Highway access in a key commercial area in Madras. A new City Transportation Master Plan has been approve by ODOT with plans for two highway access points. There are plans to widen Highway 97, install curbs, side walks and upgrade some utilities. This may result in substantial savings for a developer. The City of Madras also has Urban Renewal Funds to assist with development. It is zoned C1 with flexibility for many commercial & residential uses with a new Master Plan. Call Gary Everett for more information and development ideas. There are potential buyers for building sites created from this project. Now available: Level One Environment Report, Soils Report, Survey and Title Report.

Marketing Package

Property Facts Under Contract

Price	$899,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Mixed Use Auto Dealership Master Planned Community Motel Strip Center Supermarket
Sale Conditions	Redevelopment Project	Total Lot Size	9.59 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$899,000
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Mixed Use Auto Dealership Master Planned Community Motel Strip Center Supermarket
Total Lot Size	9.59 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.