3625 Highway 97Redmond, OR 97756

  • Warehouses
  • 1,800 SF
For Sale
$1,250,000 View listing

Property Details for 3625 Highway 97

Year built
2004
Lot size
1.68 AC
Property size (Sq ft)
1,800 SF
Property type
Warehouses
APN
141333 00 02001
APU
1413330002001

Description

This exceptional 1.68-acre commercial property at 3625 N Highway 97 in Redmond, Oregon, presents a unique investment opportunity. The property boasts a prime location at the city's Urban Growth Boundary, offering significant development potential. Currently, the site includes a 1,800 square foot cinder block warehouse, a 768 square foot two-bedroom, one-bathroom residence, and a 600 square foot well house equipped with a new well pump. The level lot provides ample space for expansion or redevelopment. Its strategic position benefits from high visibility and convenient access to Highway 97, with existing curb cuts ensuring easy ingress and egress. The property's proximity to the intersection of O'Neil Highway further enhances its accessibility and desirability. Noteworthy is the surrounding development, including new residential construction to the west and south, and the planned construction of a new Redmond Police Department complex directly southeast across Highway 97 in 2024. This location offers excellent exposure and potential for significant future appreciation. The total building square footage is 3,168 square feet. This versatile property is priced at $1,250,000 and is ideal for a variety of commercial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $512,936
    Hospitality
    $469,847
    Educational
    $390,907
    Medical
    $404,351
    Retail
    $608,077

Location Insight

City
Redmond
County
Deschutes
State
Oregon
Latitude
44.3093
Longitude
-121.174
CBSA code
13460
CBSA name
BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,129
-
-
$130,220
-
$188,740
$176,570
$365,310

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