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43 NW Cherry Lane

Madras, OR 97741
  • $1,095,000
  • STATUS: Active
  • ON SITE: 282 Days
  • MLS #: 220116723
UPDATED: 71 min ago
$1,095,000
  • 0
    BEDS
  • 3.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,000
    SQFT
  • $100
    $/SQFT
Type:
Commercial
Built:
2003
County:
Area:

School Ratings & Info


Listing courtesy of Willow Canyon Group.

Description

This industrial Flex Building built in 2003 on 3.24 acres fronting US Hwy 26 and NE Cherry Lane in the Madras Industrial Park, Eagle Ridge Business Park. Zone C-1. The building is100% occupied and has been since it was built 17 years ago. Site plan has 2 acres for expansion, 3 additional buildings contemplated, heavy demand for additional space. Located in the Opportunity Zone which is beneficial to those with 1031 exchanges and the Madras Enterprise Zone that can provide property tax abatement to certain traded sector employment options. Building has 6 roll up doors, 4 of which are 12' wide by 14' high. The property has a monument sign along US Hwy 26 complete with landscaping, excellent curb appeal. The building is fully sprinkled for fire.The current development uses just over 1 acre, with 2 acres for expansion. CAP rate is figured at $750,000 value in current building and $350,000 in additional land. Broker Rick Allen owns 50% of the building.

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© 2021 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than The Bifano Home Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of The Bifano Home Team. Data last updated: .2021-11-27T13:44:00.807
www.bifanohometeam.com/homes/114290137
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43 NW Cherry Lane Madras, OR 97741

  • Price: $1,095,000
  • Status: Active
  • On Site: 282 Days
  • Updated: 71 min ago
  • MLS #: 220116723
0
Beds
0
Baths
0
½ Baths
3.24
Acres
11,000
SQFT
$100
$/SQFT
2003
Built
County:
Jefferson
Area:
Madras
Property Description
This industrial Flex Building built in 2003 on 3.24 acres fronting US Hwy 26 and NE Cherry Lane in the Madras Industrial Park, Eagle Ridge Business Park. Zone C-1. The building is100% occupied and has been since it was built 17 years ago. Site plan has 2 acres for expansion, 3 additional buildings contemplated, heavy demand for additional space. Located in the Opportunity Zone which is beneficial to those with 1031 exchanges and the Madras Enterprise Zone that can provide property tax abatement to certain traded sector employment options. Building has 6 roll up doors, 4 of which are 12' wide by 14' high. The property has a monument sign along US Hwy 26 complete with landscaping, excellent curb appeal. The building is fully sprinkled for fire.The current development uses just over 1 acre, with 2 acres for expansion. CAP rate is figured at $750,000 value in current building and $350,000 in additional land. Broker Rick Allen owns 50% of the building.
Exterior Features

Construction Materials Steel Framing Foundation Details Slab Levels OneTwo Lot Features Corner LotLandscapedLevelSprinkler Timer(S)Sprinklers In FrontSprinklers In Rear Parking Details Numberof Parking Spaces 25 Parking Details Parking Yes Parking Features AsphaltParking Lot Roof Metal

Interior Features

Additional Features 3 Phase ElectricAda ComplyOffice SpaceSeparate Electric MetersSeparate Gas Meters Basement None Cooling None Flooring Concrete Heating Natural GasOther Security Features Fire Sprinkler System Unit1 Square Footage 2400.00 Unit2 Square Footage 1800.00 Unit3 Square Footage 1800.00 Unit5 Square Footage 1800.00 Unit6 Square Footage 1400.00

Property Features

Additional Parcels YN No Business Type AgricultureAppliancesArts And EntertainmentAthleticAuto ServiceAviationCarpet/TileConstruction/ContractorDance StudioDistributionIndustrialLandscapingLocksmithManufacturingOtherPrintingProfessional ServiceRecreationResearch & DevelopmentStorageUtilityWarehouse CCAnd Rs YN No Cross Street Hwy 26 West At Cherry Lane FIRPTAYN No Flood N/A Government Overlay Enterprise ZoneOpportunity Zone Incomeand Expenses Annual Amounts Cap Rate Basi Current Incomeand Expenses Annual Amounts Cap Rate Perc 5.20 Incomeand Expenses Annual Amounts Estimated Gr 66000.00 Incomeand Expenses Annual Amounts Estimated To 25000.00 Incomeand Expenses Annual Amounts Net Operatin 41000.00 Incomeand Expenses Annual Amounts Vacancy Perc 0.00 Listing Terms ContractOwner Will Carry New Construction YN No Owner Pays Common Area MaintenanceExterior MaintenanceInsuranceSewerTaxesWater Power Production None Sewer Public Sewer Special Assessments None Special Listing Conditions Standard Tax Annual Amount 13300.00 Tax Year 2020 Tenant Pays ElectricityGas Unit1 Status Leased Unit1 Tenant Name Tenant Of Record Unit1 Unit Number 101 Unit2 Status Leased Unit2 Tenant Name Tenant Of Record Unit2 Unit Number 102 Unit3 Status Leased Unit3 Tenant Name Tenant Of Record Unit3 Unit Number 103 Unit4 Status Leased Unit4 Tenant Name Tenant Of Record Unit4 Unit Number 104 Unit5 Status Leased Unit5 Tenant Name Tenant Of Record Unit5 Unit Number 105 Unit6 Status Leased Unit6 Tenant Name Tenant Of Record Unit6 Unit Number 106 View Cascade MountainsTerritorial Zoning Industrial

Listing information © 2021 MLS of Central Oregon
Listing provided courtesy of Willow Canyon Group.

© 2021 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than The Bifano Home Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of The Bifano Home Team. Data last updated: .2021-11-27T13:44:00.807
 
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Grants Pass OR, 97526

Listing courtesy of Willow Canyon Group.