1116 Sw Obsidian Avenue, Redmond, 97756

Commercial Building - Income/Investment For Sale in M&B


MLS® #: 201807119
Active, 376 Days on Market

Big price drop provides about a 6% Cap Rate on property leased until April 2022. The DayCare has over 30 kids now and a waiting list of more than 70 but need some remodeling to increase enrollment. Tenant pays utilities and maintenance. There are 2 tax lots which may allow for an additional building or find a use for the existing barn. With about 200 apartments in planning stage next door, the future looks bright for this property. What could you do with this property?

Essential Information

MLS® #: 201807119
Price: $400,000
Square Footage: 3,000
Acres: 1.00
Year Built: 1915
Type: Commercial Building
Sub-Type: Income/Investment
Status: Active

Community Information

Address: 1116 Sw Obsidian Avenue
Area: Redmond/Terrebonne
Subdivision: M&B
City: Redmond
County: Deschutes
State: OR
Zip Code: 97756


Parking Spaces: 15
Parking: Parking Lot-Asphalt
View: Cascade Mountain, Terrain


Interior Features: Security System, Kitchen, Handicap Equipped
Heating: Central AC, Natural Gas, Forced Air


Exterior Features: Drip System, Fenced, Landscaped
Roof: Composition
Construction: Frame
Foundation: Stemwall

Additional Information

Date Listed: July 11th, 2018
Days on Market: 376
Listing Office: Redmond Oregon Homes.com

Listing Details

Listing Office: Redmond Oregon Homes.com


$/SqFt: $133

Tax Information

Amount: $3,703
Year: 2017
Lot: 01200, 01207

Properties for Sale Similar to 1116 Sw Obsidian Avenue, Redmond, OR

The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on July 22nd, 2019 at 10:44pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).