249 Se 5th Street, Madras, 97741

Commercial Building - Mixed Use For Sale in Palmain


MLS® #: 201909272
Active, 70 Days on Market

The Madras downtown commercial mixed use property located on the busy one way north bound Hwy 97/26, corner property with unlimited street parking. With over 6,000 sq. ft. that includes 2 commercial spaces currently rented to one tenant and separate attached 2 bedroom and 1 bath apartment. Large basement for storage, prep area or washer/dryers. Opportunity for increased rents in the future. Owner will consider a contract with a qualified buyer, $75,000 Down Payment, 5% interest rate, 20 years amortization, 10 year note. Located in Opportunity Zone and Madras Urban Renewal District with faade improvement programs available.

Essential Information

MLS® #: 201909272
Price: $275,000
Square Footage: 6,160
Acres: 0.11
Year Built: 1949
Type: Commercial Building
Sub-Type: Mixed Use
Status: Active

Community Information

Address: 249 Se 5th Street
Area: Jefferson County
Subdivision: Palmain
City: Madras
County: Jefferson
State: OR
Zip Code: 97741


Parking Spaces: 10
Parking: On Street Parking
View: City


Interior Features: Kitchen
Heating: Forced Air, Heat Pump, Natural Gas, Zoned Heating
Has Basement: Yes


Roof: Membrane
Construction: Brick
Foundation: Basement, Stemwall

Additional Information

Date Listed: September 26th, 2019
Days on Market: 70
Listing Office: Willow Canyon Group

Listing Details

Listing Office: Willow Canyon Group


$/SqFt: $45

Tax Information

Amount: $4,732
Year: 2018
Lot: 10400

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