15 7Th StMadras, OR 97741

This exceptional 1,000-square-foot flex space presents a unique investment opportunity in the heart of Madras, Oregon. Located at 15 NE 7th St, this property boasts a highly desirable C2 zoning designation, allowing for diverse uses, including live/work options. Situated on a 0.12-acre corner lot, the single-story building (built in 1978) includes its own parking area. The convenient location is directly across from Sahalee Park and just two blocks from Madras' main street, ensuring high visibility and accessibility. The property is currently subject to a tenant lease. This presents a compelling opportunity for investors seeking a versatile commercial space in a thriving urban renewal district. The city's urban renewal designation opens doors for potential renovation or restoration projects. The seller is offering a 1031 tax-deferred exchange option, adding significant value for qualified buyers. This is a rare chance to acquire a well-positioned, adaptable property in a growing Oregon community. The building is one of one on the lot.