Executive Summary
This prime commercial building offers exceptional exposure on 5th Street and Highway 97 North in the heart of downtown Madras. The open layout on the ground level, paired with substantial basement space, creates versatile options for a wide range of business models or redevelopment.
This property is eligible for multiple incentive programs through the Madras Redevelopment Commission that support restoration, renovation, and creative reuse. Learn more.
Property Facts
Lease Rate
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,716 SF
Building Class:
Building Height
Year Built
1960
Price
$999,000
Price Per Unit
Price Per SF
$50.67
Cap Rate
Term
No. of Units
No. of Stories
2
Lot Size
0.25 AC
Zoning
C2 - Commercial
Parking
Construction Status
Highlights
- Largest retail building in Madras
- Prime location providing easy and convenient access to US Hwy 97
- High visibility with premium frontage on 5th Street
- Versatile open floor plan and expansive basement for multiple uses
- Flexible usage options suitable for a wide spectrum of owner users or tenants
- Excellent redevelopment potential
- Adaptable space that can be demised to accommodate multiple tenants
