15 NE 7th Street, Madras, OR 97741
sale
$235,000
|
Other
Courtesy Of Tim Davis Group Central Oregon Realty
Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1,000sqft. building is on a corner lot with its own parking area. Subject to tenant lease; on a 1-year lease of $1,000/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Heat Pump
- Exterior Type: Frame
- Floor Covering: Vinyl
- Floor Covering: Carpet
- Floors: 1
- Heating System: Heat Pump (Heating)
- MLSID: 220206313
- Parking Spaces: 4
- Roof Type: Composition
- View Type: Park
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